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leoash842
April 3, 2025
Question

Where I can add my vehicle total loss information and i can also get tax break for it??

  • April 3, 2025
  • 1 reply
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    xmasbaby0
    April 3, 2025

    If this was a vehicle used for business there are entries to make on your Schedule C when you enter your self-employment income.  If this was just your personal vehicle, then, sorry, there are not any deductions on your federal return for casualty losses that are not related to being in a federally declared disaster area.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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