Both were stolen at the same time. Why there was no insurance is beyond comprehension. The taxpayer had a lot going on in his life at the time both business wise and health wise and was out of town.. The taxpayer bought them at about $ 50,000 each. He says that he got an unbelievable deal when another older and rich friend wanted to sell them to another car guy who would appreciate them.  

              My question is basically if there is any way this could be considered an investment and thus a capital loss. He has an enormous capital gain this year on a real estate sale and would like to offset partially.  I don't think that it would work, but I told him that I would research.

                                                                                                                                                        Thanks