Theft Loss (Business)
Stolen property value
Can You Write Off Theft Loss?
Short answer: Theft Loss (Business) — Bad Debt & Write-Offs
Deduction for business property stolen (less insurance recovery).
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
BW-EXP-04146
low risk
Theft Loss (Business)
Stolen property value
All Industries
Other Expenses
Bad Debt & Write-Offs
Theft Loss (Business) — Bad Debt & Write-Offs
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Deduction for business property stolen (less insurance recovery).
Category
- Bad Debt & Write-Offs
bad debt & write offs
bad debt
theft loss (business)