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Lippyleo
New Member

Theft /Fraud

I have an Adjusted gross Income of $196.435.00

why my theft loss of $ 266,600.00 personal loss did not change the refund/ payment amount on my taxes 

I am doing a schedule A.  by my calculation of I should be getting to write off either  $26,660.00 or $19,643.50 minus $100.

I have tried to enter this several times and every time it comes out as 0 or no entry on the turbo tax print out. 

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1 Best answer

Accepted Solutions
Bsch4477
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Theft /Fraud

For tax years 2018 through 2025, you can no longer claim casualty and theft losses on personal property as itemized deductions, unless your claim is caused by a federally declared disaster.

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2 Replies
Bsch4477
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Theft /Fraud

For tax years 2018 through 2025, you can no longer claim casualty and theft losses on personal property as itemized deductions, unless your claim is caused by a federally declared disaster.

Lippyleo
New Member

Theft /Fraud

thank you for the Info.  this really sucks.I got wiped out by fraud.  I cant recover any of it in loss of income  

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