Yep, losses due to theft are deductible [1], including blackmail, extortion and "kidnapping for ransom". [1] https://www.irs.gov/publications/p547#en_US_2020_p

Yep, losses due to theft are deductible [1], including blackmail, extortion and "kidnapping for ransom". [1] https://www.irs.gov/publications/p547#en_US_2020_publink1000225208 https://www.irs.gov/publications/p547#en_US_2020_publink1000...