354596
You'll need to sign in or create an account to connect with an expert.
No, you cannot deduct these damages. The deduction for personal casualty or theft losses has been eliminated unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.
Please see this FAQ for additional information:
No, you cannot deduct these damages. The deduction for personal casualty or theft losses has been eliminated unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.
Please see this FAQ for additional information:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Mbdarkhorse
New Member
anonymouse1
Level 5
in Education
ripepi
New Member
ir63
Level 2
Donald-Palmadessa11
New Member