Under the 2017 Tax Act, no deduction for you. Hope you’re insured because until 2023 such a loss is not deductible. I suspect those living in some of these riot zones are going to have a big surprise.

What if you car was destroyed, same result. Personal property is also not subject to a casualty loss for vandalism.

The only casualty losses allowed are for casualty losses from a natural disaster in a federally declared natural disaster. Luckily the Administration has been quite generous in declaring FEMA natural disasters.