Table of Contents
Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
This publication explains the tax treatment of casualties, thefts, and losses on deposits. A casualty occurs when your property is damaged as a result of a disaster such as a storm, fire, car accident, or similar event. A theft occurs when someone steals your property. A loss on deposits occurs when your financial institution becomes insolvent or bankrupt.
This publication discusses the following topics.
-
Definitions of a casualty, theft, and loss on deposits.
-
How to figure the amount of your gain or loss.
-
How to treat insurance and other reimbursements you receive.
-
The deduction limits.
-
When and how to report a casualty or theft.
-
The special rules for disaster area losses.
-
Schedule A (Form 1040).
-
Schedule D (Form 1040).
-
Form 4797.
Internal Revenue Service
Individual Forms and Publications Branch
SE:W:CAR:MP:T:I
1111 Constitution Ave. NW, IR-6526
Washington, DC 20224
National Distribution Center
P.O. Box 8903
Bloomington, IL 61702-8903
Publication
-
523 Selling Your Home
-
525 Taxable and Nontaxable Income
-
550 Investment Income and Expenses
-
551 Basis of Assets
-
584 Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property)
-
584-B Business Casualty, Disaster, and
Theft Loss Workbook
Form (and Instructions)
-
Schedule A (Form 1040)
Itemized Deductions -
Schedule D (Form 1040)
Capital Gains and Losses -
4684
Casualties and Thefts -
4797
Sales of Business Property
See How To Get Tax Help near the end of this publication for information about getting publications and forms.
More Online Publications |