Publication 547 - Casualties, Disasters, And Thefts - Department Of Treasury - 2004
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16Publication 547
Contents
Cat. No. 15090K
Reminder . . . . . . . . . . . . . . . . . . . . . . 1
Department
Casualties,
of the
Introduction . . . . . . . . . . . . . . . . . . . . . 1
Treasury
Disasters,
Internal
Casualty . . . . . . . . . . . . . . . . . . . . . . . 2
Revenue
Service
Theft . . . . . . . . . . . . . . . . . . . . . . . . . . 2
and Thefts
Loss on Deposits . . . . . . . . . . . . . . . . . 3
Proof of Loss . . . . . . . . . . . . . . . . . . . . 3
Figuring a Loss . . . . . . . . . . . . . . . . . . 3
For use in preparing
Deduction Limits . . . . . . . . . . . . . . . . . 6
2004
Returns
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 . . . . . . . . . . . . . . 14
Index . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Reminder
Photographs of missing children. The Inter-
nal Revenue Service is a proud partner with the
National Center for Missing and Exploited Chil-
dren. Photographs of missing children selected
by the Center may appear in this publication on
pages that would otherwise be blank. You can
help bring these children home by looking at the
photographs and calling 1-800-THE-LOST
(1-800-843-5678) if you recognize a child.
Introduction
This publication explains the tax treatment of
casualties, thefts, and losses on deposits. A
casualty occurs when your property is damaged
as a result of a disaster such as a storm, fire, car
accident, or similar event. A theft occurs when
someone steals your property. A loss on depos-
its occurs when your financial institution be-
comes insolvent or bankrupt.
This publication discusses the following top-
ics.
•
Definitions of a casualty, theft, and loss on
deposits.
•
How to figure the amount of your gain or
loss.
Get forms and other information
•
How to treat insurance and other reim-
faster and easier by:
bursements you receive.
•
Internet •
The deduction limits.
•
When and how to report a casualty or
FAX •
703–368–9694 (from your fax machine)
theft.
•
The special rules for disaster area losses.
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