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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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.
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.
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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