https://ttlc.intuit.com/community/taxes/discussion/re-loss/01/2420156#M917977 <P>No. :(</img>&nbsp;&nbsp;&nbsp; Generally, you may deduct casualty and theft losses relating to your home, household items, and vehicles on your federal income tax return<STRONG> if the loss is caused by a federally declared disaster</STRONG> or a significant fire. You may not deduct casualty and theft losses covered by insurance, unless you file a timely claim for reimbursement and you reduce the loss by the amount of any reimbursement or expected reimbursement.</P><P>&nbsp;</P><P>An exception to the rule limiting the deduction for personal casualty and theft losses to federal casualty losses applies where you have personal casualty gains.&nbsp; In this case, you may deduct personal casualty losses that aren’t attributable to a federally declared disaster to the extent they don’t exceed your personal casualty gains.</P> Wed, 26 Jan 2022 23:31:53 GMT DawnC 2022-01-26T23:31:53Z https://ttlc.intuit.com/community/taxes/discussion/loss/01/2420118#M917976 <P>Can I claim a loss on my 2021 taxes for being hacked or swindled?</P> Mon, 09 Mar 2026 04:21:01 GMT https://ttlc.intuit.com/community/taxes/discussion/loss/01/2420118#M917976 LATJR 2026-03-09T04:21:01Z https://ttlc.intuit.com/community/taxes/discussion/re-loss/01/2420156#M917977 <P>No. :(</img>&nbsp;&nbsp;&nbsp; Generally, you may deduct casualty and theft losses relating to your home, household items, and vehicles on your federal income tax return<STRONG> if the loss is caused by a federally declared disaster</STRONG> or a significant fire. You may not deduct casualty and theft losses covered by insurance, unless you file a timely claim for reimbursement and you reduce the loss by the amount of any reimbursement or expected reimbursement.</P><P>&nbsp;</P><P>An exception to the rule limiting the deduction for personal casualty and theft losses to federal casualty losses applies where you have personal casualty gains.&nbsp; In this case, you may deduct personal casualty losses that aren’t attributable to a federally declared disaster to the extent they don’t exceed your personal casualty gains.</P> Wed, 26 Jan 2022 23:31:53 GMT https://ttlc.intuit.com/community/taxes/discussion/re-loss/01/2420156#M917977 DawnC 2022-01-26T23:31:53Z