Federal Tax Form 4684 - Casualty and Theft Losses

Tax Form 4684 is used to report gains and losses from casualties and thefts.

You can deduct losses from fire, storm, shipwreck, or other casualty, or theft (for example, larceny, embezzlement, and robbery).

If your property is covered by insurance, you must file a timely insurance claim for reimbursement of your loss. Otherwise, you cannot deduct the loss as a casualty or theft loss. However, the part of the loss that is not covered by insurance is still deductible.

The related expenses you have due to a casualty or theft, such as expenses for the treatment of personal injuries or for the rental of a car, are not deductible as casualty or theft losses.

Costs for protection against future casualties are not deductible but should be capitalized as permanent improvements. An example would be the cost of a levee to stop flooding.

You cannot deduct the following losses:

• Money or property misplaced or lost
• Breakage of china, glassware, furniture, and similar items under normal conditions
• Progressive damage to property (buildings, clothes, trees, etc.) caused by termites, moths, other insects, or disease

Form name	Instructions	Form
2007 Federal Tax Form 4684 - Casualty and Theft Losses
2006 Federal Tax Form 4684 - Casualty and Theft Losses	-
2005 Federal Tax Form 4684 - Casualty and Theft Losses	-