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March 19, 2022
Question

I had my identity stolen and 13k stolen from a cryptocurrency account. Insurance doe snot cover this loss. Can this be reported/claimed a deducible loss?

  • March 19, 2022
  • 1 reply
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1 reply

Employee
March 19, 2022

Sorry but casualty and theft losses are not deductible on your federal return since the tax laws changed for 2018 and beyond.

 

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**