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3 replies

DoninGA
Employee
February 12, 2023

Thefts are not reported on a federal tax return unless they occurred in a federally declared disaster area.

February 12, 2023

Was this theft from your business?

February 12, 2023

explain what happened and the type of accounts. business theft losses are deductible but if personal loss it depends on the facts and circumstances and in many cases not deductible.