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jrshiki3
Returning Member

If I had total car loss in 2020, could I claim this in my taxes that I file for next year in 2021?

 
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2 Replies

If I had total car loss in 2020, could I claim this in my taxes that I file for next year in 2021?

If the vehicle was not used in a business, No.

Casualty and theft losses are not deductible on a federal tax return unless the loss occurred in a federally declared disaster area.

Anonymous
Not applicable

If I had total car loss in 2020, could I claim this in my taxes that I file for next year in 2021?

if it was a business loss it was deductible in 2020 not 2021

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