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Where do I deduct burglary losses on sch. C?

marginflores
Level 1

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

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TaxGuyBill
Level 15

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.

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1 Comment 1
TaxGuyBill
Level 15

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.

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