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Where do I report equipment theft on schedule C?

tadtaxservice
Level 1
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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1 Comment 1
sjrcpa
Level 15

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.