My house was robbed of 11,000 dollars and I have only recovered 4,000. can I claim this anywhere?

[Marketstar]

Yes, to deduct a theft loss, you must itemize your deductions on Schedule A. The amount of your deduction is limited to the amount of the loss that exceeds 10% of your Adjusted Gross Income after a $100 deductible

As an example if you had a $7,000 theft loss, and your Adjusted Gross Income is $40,000, your result would be as follows

After deducting $100, you are left with $6,900 which is $2,900 above 10% of your Adjusted Gross Income of $4,000.

Your deduction would therefore be $2,900

To deduct a theft loss:

·        Type in theft loss in the search box, top right of your screen, click the

         magnifying glass

·        Click the jump to theft loss link in the search results

·        Follow to prompts and online instructions