Car was totaled in accident. Value $4475. Not reimbursed by insurance. Can I deduct?
The company truck that hit my car and totaled it refuses to reimburse me for value and refused to submit claim to insurance. Can I deduct pre accident value of $4475?
posted
June 4, 20197:48 PM
last updated
June 04, 20197:48 PM
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Car was totaled in accident. Value $4475. Not reimbursed by insurance. Can I deduct?
Unfortunately, no. For 2018, casualty losses are only deductible for damage that occurred from a natural disaster in a federally declared disaster area. See more information below:
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