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Our belongings were burglarize while they were in public storage in Las Vegas
While we were in CA, we stored almost all our belongings in a public storage in Las Vegas. Our house in Las Vegas, that we bought in2014 had been rented out for 2 years and now we wanted ourselves to move into it. Unfortunately, our unit was burglarized and the thief was arrested and is in prison now. Unfortunately our insurance did not cover the damage and we, approximately lost items worth somewhere between $5000 to & $10000.
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Our belongings were burglarize while they were in public storage in Las Vegas
You can claim your loss as a casualty and theft loss.
From the loss, you will deduct first $100, then deduct 10% of your adjusted gross income to arrive at the allowable loss. TurboTax will make all the calculations for you.
To enter your loss in TurboTax, please follow these steps:
- Click on Search on the top right of your screen
- In the search box, type casualty loss
- In the search result page, click on Jump to Casualty loss
- TurboTax will take you through a questionnaire where you can enter the details of your loss
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