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katekotwas
New Member

My truck was totaled in 2018 and after the insurance claim I still owed $2,800 on it. How do I include this in my taxes?

 
1 Reply
AlanT
Expert Alumni

My truck was totaled in 2018 and after the insurance claim I still owed $2,800 on it. How do I include this in my taxes?

Unfortunately, the deduction for personal casualty or theft losses has been suspended (eliminated) through tax year 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.

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