Casualty and Theft Worksheet (theft): FMV before event-1 must be entered. FMV before event

[fireengineredd88]

what is FMV

[MargaretL]

FMV - Fair Market Value- is an estimate of how much your property was worth; it is an amount that a willing buyer would probably pay to buy your property. So, since the question refers to "before event"- it means how much your property was worth before theft/casualty occurred.  The FMV after event is zero usually.