Limits on personal losses. For thefts or casualties of personal or family property, your deductible loss is much more strictly limited. As a result, small personal casualty losses are unlikely to bring you any tax benefits. If you suffered damage to your home, part of which you were using as a home office, or to your car, which you sometimes used for business, you have mixed-use property and your loss must be proportionately divided between the two types of usage. You will actually treat the event as if it were two separate losses.
Some special considerations apply in the case of home offices .
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