tadtaxservice
Level 1
‎04-20-2021 01:57 PM
I have not run into this ever so I am not sure how to report theft of equipment for my contractor client.
0 Cheers
sjrcpa
Level 15
‎04-20-2021 01:58 PM

Form 4684 Business casualty loss. But if it's small stuff they already expensed they have no tax loss since they have no basis.


The more I know the more I don’t know.