Theft loss?

[zhoul888]

Can you help me identify someone with expertise in filing theft loss?

[KochuK]

Hi xhoul88,

You can select "Do it for me" button while on TurboTax Online to have a credential expert prepares your tax return.

The following links provide some insight regarding "Theft" loss.

Pub 547 Casualties, Disasters, and Thefts, page 4

https://www.irs.gov/pub/irs-pdf/p547.pdf

Pub 584 Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property)

https://www.irs.gov/pub/irs-pdf/p584.pdf

If applicable, the theft loss is reported on:

Form 4684 Casualties and Thefts and instructions

https://www.irs.gov/pub/irs-pdf/f4684.pdf

https://www.irs.gov/pub/irs-pdf/i4684.pdf

Hope the above helps. Thank you.

Kochu Kitty

[rschule1]

Hi There

Sorry to say but personal theft losses are no longer deductible.  Currently, the only provision for casualty losses are those attributed to a federally declared disaster area. BTW, business theft is still deductible.