Thanks for your note.
I understand that for federal return, my loss is not qualified for deduction since it is not related to a declared disaster. This is why I noted that the first Form 4864 has zero deductible.
I called California Franchise Tax Board Service Center and they confirmed that I can claim the deduction for my California return. However, Turbo Tax requires two Form 4864: one for federal with zero deductible and another one for the loss as deductible for my California return. Where I am looking for help is how to fill out the Form 4864 since the theft loss is personal savings and not tied to property.
