Are losses due to theft (home burglary) deductible in 2018?

jebpetnvc · ‎June 1, 2019

I have seen conflicting answers to my question "are loses due to home burglary that occurred in 2018 and were not covered by insurance deductible". Please clarify since it was a substantial loss.

xmasbaby0 · ‎June 1, 2019

No. Casualty and theft losses are no longer deductible on your federal return. Only casualty losses in a federal disaster area are still deductible, which does not apply to your situation.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

xmasbaby0 · ‎June 1, 2019

No. Casualty and theft losses are no longer deductible on your federal return. Only casualty losses in a federal disaster area are still deductible, which does not apply to your situation.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Expert does your taxes

Do it yourself

Resources

Support

Are losses due to theft (home burglary) deductible in 2018?