https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-bought-a-harley-and-totalled-it-i-took-a-loos-on-it-how-can-i-deduct-that-loss/01/1090359#M120187 Wed, 05 Feb 2020 16:25:28 GMT aylee43 2020-02-05T16:25:28Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-bought-a-harley-and-totalled-it-i-took-a-loos-on-it-how-can-i-deduct-that-loss/01/1090359#M120187 Wed, 05 Feb 2020 16:25:28 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-bought-a-harley-and-totalled-it-i-took-a-loos-on-it-how-can-i-deduct-that-loss/01/1090359#M120187 aylee43 2020-02-05T16:25:28Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-bought-a-harley-and-totalled-it-i-took-a-loos-on-it-how-can-i-deduct-that-loss/01/1090514#M120199 <P><SPAN style="font-size:14.0pt"><SPAN style="font-family:Calibri">Unfortunately, you can no longer deduct such a loss.&nbsp; </SPAN></SPAN></P> <P><SPAN style="font-size:14.0pt"><SPAN style="font-family:Calibri">The deduction for personal casualty or theft losses has been suspended (eliminated) through tax year 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.</SPAN></SPAN></P> <P><SPAN style="font-size:14.0pt"><SPAN style="font-family:Calibri">Please see the TurboTax Help article <STRONG><EM>"</EM></STRONG><A href="https://ttlc.intuit.com/community/disaster/help/what-if-i-have-property-that-was-lost-or-damaged-a-casualty-loss/00/26036" target="_blank"><STRONG><EM>What if I have property that was lost or damaged (a casualty loss)?</EM></STRONG></A><STRONG><EM>"</EM></STRONG> for more information.</SPAN></SPAN></P> Wed, 05 Feb 2020 16:43:53 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-bought-a-harley-and-totalled-it-i-took-a-loos-on-it-how-can-i-deduct-that-loss/01/1090514#M120199 JohnW222 2020-02-05T16:43:53Z