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Opportunity Fund investment. See the Form 8997 instructions for more information. Purpose of Form Use Form 4684 to report gains and losses from casualties and thefts. Attach Form 4684 to your tax return. Definitions Three types of casualty losses are described in these instructions. 1. Federal Casualty Losses. 2. Disaster Losses. 3. Qualified ...
Use Form 4684 to report gains and losses in which any part of the gain is realized, you financial institutions may be treated from casualties and thefts. Attach Form purchase: differently. See Disaster Losses and Special 4684 to your tax return. • Property similar or related in service or Treatment for Losses on Deposits in
Claiming the deduction requires you to complete IRS Form 4684. However, if the casualty loss is not the result of a federally declared disaster, you must be itemize your deductions to claim the loss. Generally, you itemize deductions on Schedule A of your tax return if your itemized deductible expenses for the year exceed the standard deduction ...
