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How do I deduct theft loss. I am completing the theft loss amounts for schedule 4684 but they are not carrying over to schedule A.

rpcampagna
Level 1
 
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5 Comments 5
sjrcpa
Level 15

Read up on the rules for casualty and theft losses.

The more I know, the more I don't know.
rpcampagna
Level 1

I'd read the instructions and I filled out the information in the 4797 and selected 4684 but the information is not carrying over to schedule a

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abctax55
Level 15

https://googlethatforyou.com/#previewsearchbox

YMMV for the STATE you are in.

HumanKind... Be Both
sjrcpa
Level 15

4797 is for business assets.

The more I know, the more I don't know.
sjrcpa
Level 15

Is this a personal loss? See p1 of the 4684 instructions Limitations on personal casualty and theft losses

The more I know, the more I don't know.