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