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New Member
posted Apr 3, 2025 12:31:22 AM

Where I can add my vehicle total loss information and i can also get tax break for it??

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1 Replies
Level 15
Apr 3, 2025 5:26:20 AM

If this was a vehicle used for business there are entries to make on your Schedule C when you enter your self-employment income.  If this was just your personal vehicle, then, sorry, there are not any deductions on your federal return for casualty losses that are not related to being in a federally declared disaster area.