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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.