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Where do i enter money stolen from me

 
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Where do i enter money stolen from me

To deduct a casualty or theft loss, you must itemize your deductions on Schedule A. The amount of your deduction is limited to the amount of the loss that exceeds 10% of your Adjusted Gross Income after a $100 deductible

As an example if you had $1,000 stolen, and your Adjusted Gross Income is $40,000, you would not gain a tax benefit.

After deducting $100, you are left with $900 which is well below 10% of your Adjudged Gross Income of $4,000.

To enter a casualty loss:

  • Type in casualty loss the search box, top right of your screen, then click the magnifying glass

  • Click the jump to casualty loss link in the search results

  • Follow to prompts and online instructions


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