Publication 17
taxmap/pub17/p17-136.htm#en_us_publink1000173548To deduct a casualty or theft loss, you must be able to prove that you had a casualty or theft. You also must be able to support the amount you take as a deduction.
taxmap/pub17/p17-136.htm#en_us_publink1000173549For a casualty loss, your records should show all the following.
- The type of casualty (car accident, fire, storm, etc.) and when it
occurred.
- That the loss was a direct result of the casualty.
- That you were the owner of the property or, if you leased the property from someone else, that you were contractually liable to the owner for the damage.
- Whether a claim for reimbursement exists for which there is a reasonable expectation of
recovery.
For a theft loss, your records should show all the following.
- When you discovered that your property was missing.
- That your property was stolen.
- That you were the owner of the property.
- Whether a claim for reimbursement exists for which there is a reasonable expectation of
recovery.
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It is important that you have records that will prove your deduction. If you do
not have the actual records to support your deduction, you can use other
satisfactory evidence to support it.
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