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    #1

    K1 Casualty Loss

    Client has a Casualty loss on line 10 of his K1 from S-corp. I just took the loss to the 4684 page 2 and entered "k1 line 10" and filled that form out the same as if it were a normal business loss. Is this the proper procedure?

    Thanks!
    Last edited by dmj4; 04-12-2008, 06:32 PM.
    Tags: None
    #2
    Possibly a 4797

    dmj if this is a business loss, try Form 4797. If it is a loss, enter in Part II and follow instructions.

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