Can I deduct stolen cash from my income taxes?

[Jenya]

My apartment was burglarised and the thief stole all our cash. I filed police reports and they're investigating the case but I doubt that I will see that money again. Can I deduct it from my taxes? What are the conditions?

[Mike9241]

this is a personal casualty loss. it is not deductible. 

[Jenya]

what about this?
https://www.irs.gov/taxtopics/tc515#:~:text=Theft%20losses%20are%20generally%20deductible,through%20....

[DoninGA]

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@Jenya wrote:

what about this?
https://www.irs.gov/taxtopics/tc515#:~:text=Theft%20losses%20are%20generally%20deductible,through%20....

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See IRS Publication 584, Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property) - https://www.irs.gov/pub/irs-pdf/p584.pdf

Limitation on personal casualty and theft losses.

Personal casualty and theft losses of an individual, sustained in a tax year beginning after 2017, are deductible only to the extent they’re attributable to a federally declared disaster.

[Jenya]

Thanks.

What a bunch of bs.

[xmasbaby0]

@Jenya The tax law that went into effect for 2018 and beyond eliminated the kind of casualty and theft loss that you describe as a deduction on a federal return.  Sorry.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...