[lisper]

There is no law that specifically prevents it, just as there is no law the specifically prevents you from deducting, say, money that you pay to buy groceries. What there is is a very long list of things you can deduct, and grocery money, and losses that you suffer from willful destruction of your own property, are not on that list.

[gruez]

> What there is is a very long list of things you can deduct, and grocery money, and losses that you suffer from willful destruction of your own property, are not on that list.

Actually if you read the sibling comment[1], such list of "things you can't deduct" does exist, albeit it's seemingly for personal taxes.

[1] https://news.ycombinator.com/item?id=39339672

[lisper]

That list is advisory. It is not part of the law. I can't point you to a law that says, "You cannot deduct destroyed movies" just as I cannot point you to a law that says, "You cannot deduct grocery expenses."