My home was burglarized and jewelry worth $50,000 was stolen. My home was burglarized and jewelry worth $50,000 was stolen. Most of the jewelry was purchased outside the US.
Some of the jewelry ($15,000) belonged to my sister which was kept with me for safe keeping.
We have receipts for only $40,000.
Police report has been filed and home insurance covered only $2,500.
Can I claim refund on the entire loss of 50k ($35K was mine, $15k was my sister's)?
Can I claim a loss for items for which I do not have receipts? |