ajuroff Posted March 20, 2010 Report Share Posted March 20, 2010 Clients had their home broken into with many items taken. Police report was filed and insurance paid out some. I have all info related to this. My question: Form 4684 states: "Use a separate column for lines 1 through 9 to show each item lost or damaged from a single casualty or theft". In this case, there are 31 items. Most were jewerly. Do I have to list each ring, necklace, etc. separately? Or can I lump sum the jewerly? Quote Link to comment Share on other sites More sharing options...
michaelmars Posted March 20, 2010 Report Share Posted March 20, 2010 I have gone so far as to lump the entire contents of a home destroyed. the irs can always ask for more detail if they want. Or you can attach the list sent to the homeowners insurance co. Quote Link to comment Share on other sites More sharing options...
ajuroff Posted March 20, 2010 Author Report Share Posted March 20, 2010 So, for "Date Acquired", can I put various? Each item was purchased at a different time. Quote Link to comment Share on other sites More sharing options...
jklcpa Posted March 21, 2010 Report Share Posted March 21, 2010 I wish I was that luck to be able to lump. I am working on a partnership with a theft loss of several pages of depreciable items, most having taken sec 179 on. Each item reported separately. Once I get the partnership done, then I get to do it over again on the each of the 2 partner's returns. Quote Link to comment Share on other sites More sharing options...
Edward Posted March 21, 2010 Report Share Posted March 21, 2010 I always use IRS Pub 584 (Personal use Property) and 584-B (Business Use Property). These Casualty Workbooks are an excellent starting point for such casualties. Try them, I'm certain you'll be satisified. Quote Link to comment Share on other sites More sharing options...
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