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Old 01-09-2008, 07:40 PM
presley presley is offline
Junior Member
 
Join Date: Jan 2007
Posts: 9
Are Theft losses incurred in 2007 deductible on my 2007 tax return?

I had a theft and sustained some losses on items that were stolen from my house. My question is first of all can the losses sustained become a deductible item on my tax return, and secondly, how much can I deduct?

Any advise very appreciated!
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