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You cannot deduct passive losses if you do not have any net income from your property rental for the tax year. Passive losses cannot reduce your income from wages, but you can defer the losses to future tax years or deduct any losses carried forward when selling the rental house that generated the loss.
Filing the Claim. You can only write off losses if you itemize deductions. Casualty and theft losses are a 2 percent deduction, like unreimbursed employee expenses and the cost of hiring a tax-prep firm.hen you have to deduct $100 from the amount. If you claim multiple car losses, you deduct $100 from each loss. Add up all your total losses -- including any other thefts, fire damage to your house, etc. -- and subtract 10 percent of your adjusted gross income from the total. Whatever you have left is deductible.