Summary of Changes to Instructions

2008 Instructions for Form 4684, Casualties and Thefts
Purpose: This is the first circulated draft of the 2008 Instructions for Form 4684 for your
review and comments. Changes are listed below.
TPCC Meeting: None, but one can be arranged if requested.
Prior Revisions: The 2007 Instructions for Form 4684 can be viewed by clicking on the
following link: http://core.publish.no.irs.gov/instrs/pdf/12998y07.pdf
Other Products: Circulations of draft tax forms, instructions, notices, and publications
are posted at: http://taxforms.web.irs.gov/draft_products.html
Comments: Please email, fax, call, or mail any comments by May 27, 2008.

Changes to 2008 Instructions for Form 4684
*All years were updated.
*Page 1 – Under “Gain on Reimbursement” we deleted reference to the New York
Liberty Zone as the 5 year replacement period has ended, IRC 1400L(a).
*Page 2 – Under “Gains Realized on Homes in Disaster Areas” we deleted reference to
the New York Liberty Zone as the 5 year replacement period has ended, IRC 1400L (a).
*Page 3 – We added a new section titled “Main home destroyed.”, SE:W:CAR:MP:T:I

FROM:

Email:

Phone:

Robyn Magruder-Matthews

[email protected]

202-283-3725
Fax:

202-283-4544

Room:

Date:
04/30/2008

NCFB
C-347