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April 10, 2021
Question

Stolen wallet loss 1300.00 and gift cards 300.00 license/credit cards/bank card have police report can i claim a loss on my taxes

  • April 10, 2021
  • 2 replies
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2 replies

macuser_22
Employee
April 10, 2021

No.. Casualty and theft loss deductions were eliminated in 2018.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
April 10, 2021

not deductible but if you have homeowners or renters insurance, some have theft coverage.