Where do i enter money stolen from me

coleman1971-1972 — Thu, 06 Jun 2019 00:21:43 GMT

To deduct a casualty or theft loss, you must itemize your...

Marketstar — Thu, 06 Jun 2019 00:21:44 GMT

To deduct a casualty or theft loss, you must itemize your deductions on Schedule A. The amount of your deduction is limited to the amount of the loss that exceeds 10% of your Adjusted Gross Income after a $100 deductible

As an example if you had $1,000 stolen, and your Adjusted Gross Income is $40,000, you would not gain a tax benefit.

After deducting $100, you are left with $900 which is well below 10% of your Adjudged Gross Income of $4,000.

To enter a casualty loss:

Type in casualty loss the search box, top right of your screen, then click the magnifying glass
Click the jump to casualty loss link in the search results
Follow to prompts and online instructions

topic Where do i enter money stolen from me in Get your taxes done using TurboTax

Where do i enter money stolen from me

To deduct a casualty or theft loss, you must itemize your...