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New Member
posted Jun 3, 2019 11:20:17 AM

Can you deduct losses from a burglary in your home

Our home was broken into last year and can I claim any of the losses?

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1 Replies
New Member
Jun 3, 2019 11:20:18 AM

Per the IRS - Generally, you may deduct casualty and theft losses relating to your home, household items, and vehicles on your federal income tax return. You may not deduct casualty and theft losses covered by insurance, unless you file a timely claim for reimbursement and you reduce the loss by the amount of any reimbursement or expected reimbursement.

See See IRS Topic 515

https://www.irs.gov/taxtopics/tc515.html

Here's how you would enter the Casualty Loss in TurboTax

https://ttlc.intuit.com/replies/3301959