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    • Schedule A (Form 1040)

      • Individuals may claim their casualty and theft losses as an itemized deduction on Schedule A (Form 1040), Itemized Deductions (or Schedule A (Form 1040-NR) PDF, if you're a nonresident alien).
      www.irs.gov › taxtopics › tc515
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  2. Feb 12, 2024 · Report casualty and theft losses on Form 4684, Casualties and Thefts PDF . Use Section A for personal-use property and Section B for business or income-producing property.

  3. Tax Information Center IRS Forms. Form 4684 – Theft and Casualty Losses. 6 min read. Share: For tax years 2018 through 2025, you can no longer claim casualty and theft losses on personal property as itemized deductions, unless your claim is caused by a federally declared disaster.

  4. If you suffered a qualified disaster loss, you are eligible to claim a casualty loss deduction, to elect to claim the loss in the preceding tax year, and to deduct the loss without itemizing other deductions on Schedule A (Form 1040).

  5. You must complete Form 4684 to report your loss. How To Use This Workbook. You can use this workbook by following these five steps. Read Pub. 547 to learn about the tax rules for casualties, disasters, and thefts. Know the definitions of cost or other basis and fair market value, discussed in Pub. 547. Fill out Schedules 1 through 20.

  6. Fill out Form 1040-X to refigure your tax to find your refund. Special rules and return procedures expanded for claiming quali-fied disaster-related personal casualty losses.

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