My 1998 dodge caravan was stolen and it's not insured for theft. Can I claim it as a loss on my taxes?

Question

My 1998 dodge caravan was stolen and it's not insured for theft. Can I claim it as a loss on my taxes?

Answer 1

it s deductible on taxes as a loss,someone stole our old parts running truck several years back and the accountant wrote it in as a loss,because it had to be replaced,so yes you can claim it,the reason they will allow this is you wont get nothing from an insurance company from it,good luck.

Answer 2

I believe you can, check with a tax professional to be sure, but uninsured losses are typically allowed.