Chapter 18Casualty and Theft Losses and Involuntary Conversions
Casualty and theft losses are claimed on Form 4684 and then entered on Schedule A, Form 1040. If you have a qualified hurricane disaster loss (18.12, 18.13), you can claim the loss as part of your standard deduction (13.1) even if you do not itemize other deductions on Schedule A.
A loss of property held for:
Personal purposes is subject to the sudden events test (18.1) and a dollar ...
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