topic I put property on consignment, with contract. The company went out of business without retuning my property. Can I claim these items as a loss, if so, how? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-put-property-on-consignment-with-contract-the-company-went-out-of-business-without-retuning-my/01/353757#M44163 Mon, 03 Jun 2019 20:41:37 GMT bchohman 2019-06-03T20:41:37Z I put property on consignment, with contract. The company went out of business without retuning my property. Can I claim these items as a loss, if so, how? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-put-property-on-consignment-with-contract-the-company-went-out-of-business-without-retuning-my/01/353757#M44163 Mon, 03 Jun 2019 20:41:37 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-put-property-on-consignment-with-contract-the-company-went-out-of-business-without-retuning-my/01/353757#M44163 bchohman 2019-06-03T20:41:37Z If the property was your personal property then the loss... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-the-property-was-your-personal-property-then-the-loss/01/353772#M44167 <P>If the property was your personal property then the loss is considered to be a personal loss.&nbsp; Personal losses are not deductible.&nbsp; If the property was business property, used in a business to make a profit, then you could file a casualty&nbsp;loss on Form&nbsp;4684 Casualties&nbsp;and Thefts.&nbsp; You would deduct your loss as an itemized deduction on Schedule A, however, if you do not itemize you will not be able to deduct the casualty loss.</P> Mon, 03 Jun 2019 20:41:38 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-the-property-was-your-personal-property-then-the-loss/01/353772#M44167 Leonard 2019-06-03T20:41:38Z