Casualty and Theft Losses

Lecture Content

This is the third of four lectures on itemized deductions. Here we explore rules for claiming casualty and theft losses.

No CE is awarded with the purchase of this manual. If you would like to receive CE, you must purchase and complete the full version of this course.

Topics Covered

* Identifying whether a loss qualifies as a casualty or theft loss
* How to figure your allowable loss
* The limits on losses
* How to complete Form 4684 Casualty & Theft Losses
* When to deduct a loss
* How to claim a business loss

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