Discussion in 'Professional Trading' started by jaqaw, Mar 20, 2002.

  1. jaqaw


    If i was a prop trader for a company that had no insurance and lost a lot of my personal belongings because of a disaster would i be able to claim those items as a part of my losses on my tax return?
  2. i think that depends what the disaster was.stock losses or something else?
  3. jaqaw


    Not stock losses but something else. But this occurred when i was in the office preparing to trade so it is business related. i was forced to leave without the opportunity to take anything with me. There was nothing left to salvage.
  4. i would think this would be a casualty loss and would be deductable.for instance if there was a fire and you lost your computers.