Deducting stolen property

stanw New Member Joined: Apr 17, 2011 20:38:41 GMT -5 Posts: 34	Deducting stolen property Apr 17, 2011 20:59:42 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by stanw on Apr 17, 2011 20:59:42 GMT -5 I had two bikes stolen last year. Both amounted to around $1,400 combined. Can these be deducted somewhere?
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commentator Guest	Deducting stolen property Apr 18, 2011 0:36:18 GMT -5 Quote Select Post Deselect Post Link to Post Back to Top Post by commentator on Apr 18, 2011 0:36:18 GMT -5 If you itemize, the theft loss is deductible using Form 4684. The form is available at www.irs.gov/pub/irs-pdf/f4684.pdf and the instructions are at www.irs.gov/pub/irs-pdf/i4684.pdf
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