topic Can I deduct stolen cash from my income taxes? in Get your taxes done using TurboTax

Can I deduct stolen cash from my income taxes?

Jenya — Tue, 10 Mar 2026 07:12:42 GMT

My apartment was burglarised and the thief stole all our cash. I filed police reports and they're investigating the case but I doubt that I will see that money again. Can I deduct it from my taxes? What are the conditions?

Re: Can I deduct stolen cash from my income taxes?

Mike9241 — Thu, 29 Dec 2022 17:26:01 GMT

this is a personal casualty loss. it is not deductible.

Re: Can I deduct stolen cash from my income taxes?

Jenya — Thu, 29 Dec 2022 17:39:31 GMT

what about this?
https://www.irs.gov/taxtopics/tc515#:~:text=Theft%20losses%20are%20generally%20deductible,through%20a%20claim%20for%20reimbursement.

Re: Can I deduct stolen cash from my income taxes?

DoninGA — Thu, 29 Dec 2022 17:53:42 GMT

@Jenya wrote:

what about this?
https://www.irs.gov/taxtopics/tc515#:~:text=Theft%20losses%20are%20generally%20deductible,through%20a%20claim%20for%20reimbursement.

See IRS Publication 584, Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property) - https://www.irs.gov/pub/irs-pdf/p584.pdf

Limitation on personal casualty and theft losses.

Personal casualty and theft losses of an individual, sustained in a tax year beginning after 2017, are deductible only to the extent they’re attributable to a federally declared disaster.

Re: Can I deduct stolen cash from my income taxes?

Jenya — Thu, 29 Dec 2022 18:12:45 GMT

Thanks.

What a bunch of bs.

Re: Can I deduct stolen cash from my income taxes?

xmasbaby0 — Thu, 29 Dec 2022 18:22:35 GMT

@Jenya The tax law that went into effect for 2018 and beyond eliminated the kind of casualty and theft loss that you describe as a deduction on a federal return. Sorry.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform