Announcement

Collapse
No announcement yet.

Casualty loss

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Casualty loss

    Client's mobile home burned. Mobile home insured but not contents. How do I list everything on the 4684? Can I just put clothing, appliances, furniture,etc. This is my first casualty with alot of different items. Any help will be appreciated.
    Tags: None
    #2
    Casualty Loss

    I would list 2 items.
    1. Mobile home - Value + reimb
    2. Contents - Value

    Total S/be 10% greater than AGI

    Comment

      #3
      Same

      as Ismith. But tell the client to keep a completed list of contents in case of audit.

      Comment

        #4
        Detail

        List as much detail as possible. Since you need dollar amounts, detail is necessary to support those amounts.

        See Casualty Pub 547 and See Pub 584 a Workbook that approaches the contents by room.
        JG

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...
        X