My car's catalytic converter was stolen and I had to pay $2500 for a replacement. I use this car primarily for work, so can I get a tax break for this loss?

vhendric · ‎February 5, 2023

DoninGA · ‎February 5, 2023

You would enter the cost of the converter as an expense in the Vehicle Expenses section in Self-Employment.

Mike9241 · ‎February 5, 2023

did you have insurance? if so the IRS requires yo to file an insurance claim in order to take the loss.

DaveF1006 · ‎February 6, 2023

No. The only way way to claim this loss is through a causality and theft loss. Because of of Tax cuts and jobs Act passed in 2017, yo cannot claim causality of theft losses on personal property from 2018-2025 tax years per Form 4684 instructions.

@vhendric

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My car's catalytic converter was stolen and I had to pay $2500 for a replacement. I use this car primarily for work, so can I get a tax break for this loss?