topic My new custom enclosed car trailer was stolen; NO ins pymt. AGI allowed amt is higher than FMV, netting 0.00 allowed. Can this $ loss be factored in and deducted somehow? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-new-custom-enclosed-car-trailer-was-stolen-no-ins-pymt-agi-allowed-amt-is-higher-than-fmv-netting/01/257538#M31961 Sat, 01 Jun 2019 21:27:01 GMT 1978kingcobra 2019-06-01T21:27:01Z My new custom enclosed car trailer was stolen; NO ins pymt. AGI allowed amt is higher than FMV, netting 0.00 allowed. Can this $ loss be factored in and deducted somehow? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-new-custom-enclosed-car-trailer-was-stolen-no-ins-pymt-agi-allowed-amt-is-higher-than-fmv-netting/01/257538#M31961 Sat, 01 Jun 2019 21:27:01 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-new-custom-enclosed-car-trailer-was-stolen-no-ins-pymt-agi-allowed-amt-is-higher-than-fmv-netting/01/257538#M31961 1978kingcobra 2019-06-01T21:27:01Z Was the trailer used as part of a business? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/was-the-trailer-used-as-part-of-a-business/01/257540#M31962 Was the trailer used as part of a business? Sat, 01 Jun 2019 21:27:02 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/was-the-trailer-used-as-part-of-a-business/01/257540#M31962 Leonard 2019-06-01T21:27:02Z No, I bought it to take one of my cars to car shows. It w... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-i-bought-it-to-take-one-of-my-cars-to-car-shows-it-w/01/257542#M31963 No, I bought it to take one of my cars to car shows. It was never used as it was stolen before my car returned from restoration. Sat, 01 Jun 2019 21:27:03 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-i-bought-it-to-take-one-of-my-cars-to-car-shows-it-w/01/257542#M31963 1978kingcobra 2019-06-01T21:27:03Z Unfortunately, casualty losses and thefts are not deducti... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/unfortunately-casualty-losses-and-thefts-are-not-deducti/01/257544#M31964 <P>Unfortunately, casualty losses and thefts are not deductible on your 2018 federal return since the new tax law became effective for 2018 returns.</P><P> <A href="https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform" target="_blank">https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform</A> <BR /> </P> Sat, 01 Jun 2019 21:27:04 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/unfortunately-casualty-losses-and-thefts-are-not-deducti/01/257544#M31964 xmasbaby0 2019-06-01T21:27:04Z