A business may be able to claim casualty property loss or theft deductions caused by riots on its tax return. Here’s how a loss is figured for tax purposes.
Casualty Loss Deductions may be Available for Damage Caused by Riots
![](https://www.landmarkcpas.com/wp-content/uploads/2022/12/Casualty-Loss-Deduction-RS-1024x640.jpg)
A business may be able to claim casualty property loss or theft deductions caused by riots on its tax return. Here’s how a loss is figured for tax purposes.