Do You Need a Strategy for Casualty and Theft Losses in 2017?
The scope of eligible casualty and theft loss tax deductions will narrow dramatically starting in 2018. January 19, 2018 By: Dianne Kennedy, CPA USTaxAid.com In 2018, we lose the ability to write off most casualty and theft losses. The only casualty losses that will remain a write-off are ones that occur in a federally designated disaster zone. […]