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Returning Member
posted Jun 4, 2019 8:20:55 PM

I was scammed by a mortgage broker to tune of 9300 refundable but could not get back.

mortgage refinance was for 2%  to good to be true

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1 Best answer
Expert Alumni
Jun 4, 2019 8:20:56 PM

Unfortunately, the deduction for personal casualty or theft losses has been repealed in tax years 2018 – 2025, unless the loss occurred in a federally-declared disaster area.

Previously, uninsured losses exceeding $100 due to fire, theft, or natural disaster could be deducted if the total loss amount exceeded 10% of the AGI, regardless of location.

1 Replies
Expert Alumni
Jun 4, 2019 8:20:56 PM

Unfortunately, the deduction for personal casualty or theft losses has been repealed in tax years 2018 – 2025, unless the loss occurred in a federally-declared disaster area.

Previously, uninsured losses exceeding $100 due to fire, theft, or natural disaster could be deducted if the total loss amount exceeded 10% of the AGI, regardless of location.