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Jan 31, 2024 · Page Last Reviewed or Updated: 31-Jan-2024. Information about Form 4684, Casualties and Thefts, including recent updates, related forms and instructions on how to file. Attach Form 4684 to your tax return to report gains and losses from casualties and thefts.
- About Publication 547
About Form 4684, Casualties and Thefts. About Form 4797,...
- Specific Instructions
Use Form 4684 to report gains and losses from casualties and...
- 2019 Instructions for Form 4684
Use Form 4684 to report gains and losses from casualties and...
- About Publication 547
For tax years 2018 through 2025, if you are an individual, casualty or theft losses of personal-use property are deductible only if the loss is attributable to a federally declared disaster. You must use a separate Form 4684 (through line 12) for each casualty or theft event involving personal-use property.
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- What Is Form 4684: Casualties and Thefts?
- Who Can File Form 4684: Casualties and Thefts?
- Special Considerations When Filing Form 4684
- Form 4684 and Federal Disaster Areas
Form 4684 is an Internal Revenue Service (IRS) form for reporting gains or losses from casualties and thefts which may be deductiblefor taxpayers who itemize deductions. Casualty losses can be the result of fires, floods, and other disasters. In most cases, taxpayers can deduct losses in the tax year in which they happened. In the case of theft, th...
Taxpayers reporting gains or losses from a casualty or theft should file Form 4684. Homeowners who received notification of the need to tear down or move a structure after a federally declared disaster may use Form 4684 to claim a loss. These individuals may claim the difference in the home's value, pre- and post-event. However, the owner must rece...
Form 4684 allows the deduction of non-reimbursed losses from specific events. Deductible casualty losses generally must result from an incident that is sudden, unexpected, or unusual and took place during a federally declared disaster. Casualties include natural disasters such as earthquakes, fires, floods, or storms. Other types of catastrophes in...
Section D of IRS Form 4684 applies to federally declared disaster losses. Although casualty losses are usually deductible only in the tax year in which those losses happen, special provisions exist for qualified disaster losses. Losses from federally declared disaster areas have allowances to be deductible in the previous tax year and provide addit...
- Christina Majaski
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. You will still use Form 4684 to figure your losses and report them on Form 1040, Schedule A.
Feb 22, 2023 · Casualty and theft losses are first reported and calculated on Form 4684. You can then enter the resulting number on Schedule A when you itemize, along with all your other itemized deductions. The IRS defines theft as the act of taking or removing property with the intention of depriving the owner of it.
