Texas Unclaimed Property Compliance
12/21/2017

Casualty, Disaster, and Theft Loss Workbook

Casualty, Disaster, and Theft Loss Workbook

(Personal-Use Property)

This workbook is designed to help to help you figure your loss on personal-use property in the event of a disaster, casualty, or theft. It contains schedules to help you figure the loss to your main home, its contents, and your motor vehicles. However, these schedules are for your information only. You must complete Form 4684, Casualties and Thefts, to report your loss.

What’s New

Disaster tax relief. Disaster tax relief was enacted for those impacted by Hurricanes Harvey, Irma, and Maria, including provisions that modified the calculation of casualty and theft losses of personal-use property. These provisions include:

  • The $100 limitation per casualty has been increased to $500 for net hurricane disaster losses.
  • The 10% of adjusted gross income limit does not apply to net hurricane disaster losses.
  • You can claim your standard deduction in- creased by your net hurricane disaster loss instead of itemizing deductions on Schedule A.

See Pub. 976, Disaster Relief, for more in- formation about these and other disaster tax re- lief provisions that may not be covered in this publication.

Reminders

Future developments. For the latest information about developments related to Pub. 584 such as legislation enacted after it was published, go to IRS.gov/Pub584.

Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing & Exploited Children® (NCMEC). Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.

 

How To Use This Workbook

This workbook is designed to help you figure your loss on personal-use property in the event of a disaster, casualty, or theft. It contains schedules to help you figure the loss to your main home, its contents, and your motor vehicles. However, these schedules are for your in- formation only. You must complete Form 4684, Casualties and Thefts, to report your loss.

Get forms and other information faster and easier at:

You can use this workbook by following these five steps.

  1. Read 547 to learn about the tax rules for casualties, disasters, and thefts.
  2. Know the definitions of cost or other basis and fair market value, discussed
  3. Fill out Schedules 1 through
  4. Read the instructions for Form
  5. Fill out Form 4684 using the information you entered in Schedules 1 through 20.

 

Download the form