Form 4684 Casualities and Thefts

Form

4684

Casualties and Thefts

OMB No. 1545-0177

2010

See separate instructions.
Attach to your tax return.
▶ Use a separate Form 4684 for each casualty or theft.
▶

▶

Department of theTreasury
Internal Revenue Service
Name(s) shown on tax return

Attachment
Sequence No. 26
Identifying number

SECTION A—Personal Use Property (Use this section to report casualties and thefts of property not used in a trade
or business or for income-producing purposes.)
1 Description of properties (show type, location, and date acquired for each property). Use a separate line for each property lost or damaged from
the same casualty or theft.
Property
Property
Property
Property

A
B
C
D

Properties
A

2 Cost or other basis of each property .

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B

C

D

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3 Insurance or other reimbursement (whether or not you
filed a claim) (see instructions) . . . . . . . .
Note: If line 2 is more than line 3, skip line 4.
4 Gain from casualty or theft. If line 3 is more than line 2,
enter the difference here and skip lines 5 through 9 for
that column. See instructions if line 3 includes insurance
or other reimbursement you did not claim, or you
received payment for your loss in a later tax year . .
5 Fair market value before casualty or theft . . . .
6 Fair market value after casualty or theft . . . . .
7 Subtract line 6 from line 5 . . . . . . . . .
8 Enter the smaller of line 2 or line 7 . . . . . .
9 Subtract line 3 from line 8. If zero or less, enter -0- . .

3

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5
6
7
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9

10 Casualty or theft loss. Add the amounts on line 9 in columns A through D .
11 Enter the smaller of line 10 or $100 . . . . . . . . . . . .
12 Subtract line 11 from line 10 . . . . . . . . . . . . . .

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Caution: Use only one Form 4684 for lines 13 through 21.
13 Add the amounts on line 12 of all Forms 4684 . . . .
14 Add the amounts on line 4 of all Forms 4684. . . . .

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15 • If line 14 is more than line 13, enter the difference here and on Schedule D. Do not
complete the rest of this section (see instructions).
• If line 14 is less than line 13, enter -0- here and go to line 16.
• If line 14 is equal to line 13, enter -0- here. Do not complete the rest of this section.
16 If line 14 is less than line 13, enter the difference . . . . . . . . . . .

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17 Does the amount on line 12 include a loss from a disaster declared a federal disaster in tax years beginning after
2007 that occurred before 2010?
Yes. Enter the amount from line 3 of the Worksheet for Line 17, in the instructions. If you are filing Schedule A
(Form 1040), go to line 18. Otherwise, enter this amount on Schedule L (Form 1040A or 1040). Do not
complete the rest of Section A. Form 1040NR filers, see instructions.
No. Enter -0- and go to line 18 .

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19 Enter 10% of your adjusted gross income from Form 1040, line 38, or Form 1040NR, line 36. Estates and trusts, see
instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Subtract line 19 from line 18. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . .

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21 Add lines 17 and 20. Also enter the result on Schedule A (Form 1040), line 20, or Form 1040NR, Schedule A, line 8.
Estates and trusts, enter the result on the “Other deductions” line of your tax return . . . . . . . . . .

21

18 Subtract line 17 from line 16

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For Paperwork Reduction Act Notice, see page 5 of the instructions.

Cat. No. 12997O

Form 4684 (2010)

Page 2

Attachment Sequence No. 26

Form 4684 (2010)

Identifying number

Name(s) shown on tax return. Do not enter name and identifying number if shown on other side.

SECTION B—Business and Income-Producing Property
Casualty or Theft Gain or Loss (Use a separate Part l for each casualty or theft.)
Part I
22 Description of properties (show type, location, and date acquired for each property). Use a separate line for each property lost or damaged
from the same casualty or theft.
Property A
Property B
Property C
Property D

Properties
A

23 Cost or adjusted basis of each property .

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B

C

D

23

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24 Insurance or other reimbursement (whether or not you
filed a claim). See the instructions for line 3 . . . .

24

Note: If line 23 is more than line 24, skip line 25.
25 Gain from casualty or theft. If line 24 is more than line 23, enter the
difference here and on line 32 or line 37, column (c), except as
provided in the instructions for line 36. Also, skip lines 26 through
30 for that column. See the instructions for line 4 if line 24 includes
insurance or other reimbursement you did not claim, or you
received payment for your loss in a later tax year
. . . .

26
27
28
29

Fair market value before casualty or theft
Fair market value after casualty or theft .
Subtract line 27 from line 26 . . . .
Enter the smaller of line 23 or line 28
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26
27
28
29

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Note: If the property was totally destroyed by casualty or lost
from theft, enter on line 29 the amount from line 23.
30 Subtract line 24 from line 29. If zero or less, enter -030
31 Casualty or theft loss. Add the amounts on line 30. Enter the total here and on line 32 or line 37 (see instructions)

Part II

Summary of Gains and Losses (from separate Parts l)

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31

(b) Losses from casualties or thefts

(a) Identify casualty or theft

(c) Gains from
casualties or thefts
includible in income

(ii) Incomeproducing and
employee property

(i) Trade, business,
rental or royalty
property

Casualty or Theft of Property Held One Year or Less
32
33 Totals. Add the amounts on line 32

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34 Combine line 33, columns (b)(i) and (c). Enter the net gain or (loss) here and on Form 4797, line 14. If Form 4797 is
not otherwise required, see instructions . . . . . . . . . . . . . . . . . . . . . . .

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35 Enter the amount from line 33, column (b)(ii) here. Individuals, enter the amount from income-producing property on Schedule A (Form
1040), line 28, or Form 1040NR, Schedule A, line 16, and enter the amount from property used as an employee on Schedule A (Form
1040), line 23, or Form 1040NR, Schedule A, line 11. Estates and trusts, partnerships, and S corporations, see instructions . . . .

35

Casualty or Theft of Property Held More Than One Year
36 Casualty or theft gains from Form 4797, line 32 . . . . . . . . . . . . . . . . . . . . . . . . .
(
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37
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38 Total losses. Add amounts on line 37, columns (b)(i) and (b)(ii) . . . . .

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39 Total gains. Add lines 36 and 37, column (c) . . . . . . . . . . . . . . . . . . . . . .
40 Add amounts on line 38, columns (b)(i) and (b)(ii) . . . . . . . . . . . . . . . . . . . .
41 If the loss on line 40 is more than the gain on line 39:
a Combine line 38, column (b)(i) and line 39, and enter the net gain or (loss) here. Partnerships (except electing large
partnerships) and S corporations, see the note below. All others, enter this amount on Form 4797, line 14. If Form
4797 is not otherwise required, see instructions . . . . . . . . . . . . . . . . . . . . .
b Enter the amount from line 38, column (b)(ii) here. Individuals, enter the amount from income-producing property on
Schedule A (Form 1040), line 28, or Form 1040NR, Schedule A, line 16, and enter the amount from property used as
an employee on Schedule A (Form 1040), line 23, or Form 1040NR, Schedule A, line 11. Estates and trusts, enter on
the “Other deductions” line of your tax return. Partnerships (except electing large partnerships) and S corporations,
see the note below. Electing large partnerships, enter on Form 1065-B, Part II, line 11 . . . . . . . . .

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40

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41a

41b

42 If the loss on line 40 is less than or equal to the gain on line 39, combine lines 39 and 40 and enter here. Partnerships

(except electing large partnerships), see the note below. All others, enter this amount on Form 4797, line 3

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Note: Partnerships, enter the amount from line 41a, 41b, or line 42 on Form 1065, Schedule K, line 11.
S corporations, enter the amount from line 41a or 41b on Form 1120S, Schedule K, line 10.
Form 4684 (2010)