2006-08-11 06:28:08 · 3 answers · asked by Linda L 2 in Business & Finance ➔ Taxes ➔ United States
If it is used in a business you can. As a homeowner
though your expected to have insurance to replace the car.
2006-08-11 06:30:57 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Yes you can. This will be reported ultimately on schedule A under theft and casualty losses. You must fill out form 4684 as well. There are certain limitations however, so follow instructions carefully.
2006-08-12 05:11:12 · answer #2 · answered by Josh 4 · 0⤊ 0⤋
That depends. I tried emailing you but it hasn't been verified. Casualty and theft losses are subject to 10% of your adjusted gross income plus $100........email me if you want me to run the numbers for you. Generally speaking if you have insurance unless you are low income you will not benefit from it.
2006-08-11 15:28:27 · answer #3 · answered by WitchTwo 6 · 1⤊ 0⤋