in Education
3460308
You'll need to sign in or create an account to connect with an expert.
no
This type of loss is generally considered a loss from theft. If this was a personal debt, it is not deductible on your federal tax return. If this loss is related to a business, it may be deductible as a loss on your business return.
Casualty and theft losses are only deductible when caused by a federally declared disaster.
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.
ericbeauchesne
New Member
in Education
afletchertfc
New Member
fzmoda04
New Member
tivo44
Level 2
catdelta
Level 2