Publication 547 - Casualties,disasters,and Thefts - 2002
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15Publication 547
Contents
Cat. No. 15090K
Important Changes . . . . . . . . . . . . . . . . 1
Department
Casualties,
of the
Important Reminder . . . . . . . . . . . . . . . 1
Treasury
Disasters,
Internal
Introduction . . . . . . . . . . . . . . . . . . . . . 2
Revenue
Service
Casualty . . . . . . . . . . . . . . . . . . . . . . . 2
and Thefts
Theft . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Loss on Deposits . . . . . . . . . . . . . . . . . 3
Proof of Loss . . . . . . . . . . . . . . . . . . . . 3
For use in preparing
Figuring a Loss . . . . . . . . . . . . . . . . . . 3
2002
Returns
Deduction Limits . . . . . . . . . . . . . . . . . 6
Figuring a Gain . . . . . . . . . . . . . . . . . . 9
When To Report Gains and
Losses . . . . . . . . . . . . . . . . . . . . . 11
Disaster Area Losses . . . . . . . . . . . . . . 11
How To Report Gains and Losses . . . . . 13
How To Get Tax Help . . . . . . . . . . . . . . 13
Index . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Important Changes
Postponed tax deadlines in disaster areas.
The maximum period of time for which the IRS
may postpone certain tax deadlines of taxpayers
who are affected by a Presidentially declared
disaster is increased from 120 days to 1 year.
The tax deadlines the IRS may postpone include
those for filing income and employment tax re-
turns, paying income and employment taxes,
and making contributions to a traditional IRA or
Roth IRA. For more information, see Postponed
Tax Deadlines, later, under Disaster Area
Losses.
Replacement period. The replacement pe-
riod for property in the New York Liberty Zone
that was damaged or destroyed as a result of the
terrorist attacks on September 11, 2001, is in-
creased from 2 to 5 years. For more information,
see Property in the New York Liberty Zone, later,
under Replacement Period.
Qualified disaster relief payments. Qualified
disaster relief payments received in tax years
ending after September 10, 2001, by an individ-
ual for certain expenses incurred because of a
Presidentially declared disaster are not included
in income. For more information, see Qualified
disaster relief payments, later, under Disaster
Area Losses.
Important Reminder
Photographs of missing children. The Inter-
nal Revenue Service is a proud partner with the
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