Unfortunately, many taxpayers suffer a casualty and theft loss which may or may not be deductible. We will address when a casualty or theft loss is a deductible event or when there is a casualty or theft gain. We will go over Form 4684 – Casualties and Thefts
Objectives:
1. Determine whether a casualty or theft loss is allowed.
2. Learn how to calculate a casualty or theft loss.
3. Prepare Form 4684
2 IRS CE/2 NASBA CPE*
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https://taxpracticepro.com/become-a-subscriber*Self-Study recording not available for NASBA CPE credit.