Where do I deduct burglary losses on sch. C?

[marginflores]

My client was a victim of robbery and lost $8,408.64 from his business account. Where do I report that on Sch. C?

[TaxGuyBill · Accepted solution]

You don't put it on Schedule C.

A "Theft Loss" goes on Form 4684, which will then flow to Line 14 of Form 4797.