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Level 1
July 11, 2020
Solved

Theft

Employer did not returned my wife's tooling ($4544.00) even after lawyer made written request. How can we report this as loss in our tax return?

    CatinaT1
    CatinaT1Answer
    Alumni - Intuit
    July 11, 2020

    This is not something you can report.  Casualty theft and losses are limited to losses in a Federally Declared Disaster area.

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    1 reply

    CatinaT1
    CatinaT1Answer
    Alumni - Intuit
    July 11, 2020

    This is not something you can report.  Casualty theft and losses are limited to losses in a Federally Declared Disaster area.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"