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State Tax Forms To Print Out

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State Tax Forms To Print Out

State tax forms to print out Publication 521 - Introductory Material Table of Contents What's New Reminders IntroductionOrdering forms and publications. State tax forms to print out Tax questions. State tax forms to print out Useful Items - You may want to see: What's New Standard mileage rate. State tax forms to print out  For 2013, the standard mileage rate for using your vehicle to move to a new home is 24 cents per mile. State tax forms to print out See Travel by car under Deductible Moving Expenses. State tax forms to print out Reminders Future developments. State tax forms to print out  For the latest information about developments related to Publication 521, such as legislation enacted after it was published, go to www. State tax forms to print out irs. State tax forms to print out gov/pub521. State tax forms to print out Change of address. State tax forms to print out  If you change your mailing address, be sure to notify the IRS using Form 8822, Change of Address. State tax forms to print out Mail it to the Internal Revenue Service Center for your old address. State tax forms to print out Addresses for the service centers are on the back of the form. State tax forms to print out If you change your business address or the identity of your responsible party, use Form 8822-B, Change of Address or Responsible Party—Business. State tax forms to print out Photographs of missing children. State tax forms to print out  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. State tax forms to print out Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. State tax forms to print out 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. State tax forms to print out Introduction This publication explains the deduction of certain expenses of moving to a new home because you changed job locations or started a new job. State tax forms to print out It includes the following topics. State tax forms to print out Who can deduct moving expenses. State tax forms to print out What moving expenses are deductible. State tax forms to print out What moving expenses are not deductible. State tax forms to print out How a reimbursement affects your moving expense deduction. State tax forms to print out How and when to report moving expenses. State tax forms to print out Special rules for members of the Armed Forces. State tax forms to print out Form 3903, Moving Expenses, is used to claim the moving expense deduction. State tax forms to print out An example of how to report your moving expenses, including a filled-in Form 3903, is shown near the end of the publication. State tax forms to print out You may be able to deduct moving expenses whether you are self-employed or an employee. State tax forms to print out Your expenses generally must be related to starting work at your new job location. State tax forms to print out However, certain retirees and survivors may qualify to claim the deduction even though they are not starting work at a new job location. State tax forms to print out See Who Can Deduct Moving Expenses. State tax forms to print out Recordkeeping. State tax forms to print out    It is important to maintain an accurate record of expenses you paid to move. State tax forms to print out You should save items such as receipts, bills, cancelled checks, credit card statements, and mileage logs. State tax forms to print out Also, you should save your Form W-2 and statements of reimbursement from your employer. State tax forms to print out Comments and suggestions. State tax forms to print out   We welcome your comments about this publication and your suggestions for future editions. State tax forms to print out   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. State tax forms to print out NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. State tax forms to print out Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. State tax forms to print out   You can send your comments from www. State tax forms to print out irs. State tax forms to print out gov/formspubs/. State tax forms to print out Click on “More Information” and then on “Comment on Tax Forms and Publications”. State tax forms to print out   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. State tax forms to print out Ordering forms and publications. State tax forms to print out   Visit www. State tax forms to print out irs. State tax forms to print out gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. State tax forms to print out Internal Revenue Service 1201 N. State tax forms to print out Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. State tax forms to print out   If you have a tax question, check the information available on IRS. State tax forms to print out gov or call 1-800-829-1040. State tax forms to print out We cannot answer tax questions sent to either of the above addresses. State tax forms to print out Useful Items - You may want to see: Publication 3 Armed Forces' Tax Guide Forms (and Instructions) 1040 U. State tax forms to print out S. State tax forms to print out Individual Income Tax Return 1040X Amended U. State tax forms to print out S. State tax forms to print out Individual Income Tax Return 3903 Moving Expenses 8822 Change of Address 8822–B Change of Address or Responsible Party-Business See How To Get Tax Help, near the end of this publication, for information about getting the publications and the forms listed above. State tax forms to print out Prev  Up  Next   Home   More Online Publications
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Understanding your CP2057 Notice

You need to file an amended return. We've received information not reported on your tax return.


What you need to do

  • Read your notice carefully — it explains the information we received.
  • File an amended return if the information is correct.
  • If you believe the information is wrong, contact the business or person reporting the information and ask them to correct it.

You may want to...


Answers to Common Questions

What do I need to do?
You need to amend your return if the information we received is correct.

Do I have to amend my return when the information is wrong?
No. Don't file an amended return.

How do I amend my return?
Use the information in the notice to amend your return. Compare it against a copy of your original return. Report the difference or change on Form 1040-X, Amended U.S. Individual Income Tax Return. You can receive help at an IRS Taxpayer Assistance Center.

How can I find an IRS Taxpayer Assistance Center?
We have centers located throughout the country. Find the center nearest to you.

I don't have a copy of my original return to help me amend it. What can I do?
You can order a transcript of your return. You also can get one by completing and sending us a Form 4506-T, Request for Transcript of Tax Return.

I don't want a transcript of my return. I want a copy. How can I get one?
Did an accountant or some other person prepare your return? You could ask them for a copy.

I can't get a copy of my return from a tax preparer. How else can I get a copy of it?
You can get a copy of your return by completing and sending us a Form 4506, Request for Copy of Tax Return. We charge a fee for return requests.

What do I do if the information is wrong?
You don't have to amend your return when the information is wrong. Instead, contact whoever reported the wrong information and ask them to correct it. You don't need to contact us.

Should I contact you to correct wrong information?
You don't have to contact us to explain why the information is wrong. You don't have to reply to your notice.

I reported the information but I reported it incorrectly. Can I call you to correct my return?
We can accept your information over the phone for incorrectly reported information as long as the mistake did not increase or decrease your tax. You should file an amended return when the information was never reported or misreported in a way that had tax consequences.

The information is wrong because someone else is using my name and Social Security number. What can I do?
You can visit our Identity theft information to find out more about what you can do. You also should call us and let us know.

Why did it take you so long to contact me about this matter?
Our computer systems match the information you report on your tax return with information reported by employers, banks, businesses, and others. This matching takes several months to complete.


Tips for next year

You can avoid future problems by:

  • keeping accurate and full records
  • waiting until you get all of your income statements to file your tax return
  • checking the records you get from your employer, mortgage company, bank, or other sources of income (W-2s, 1098s, 1099s, etc.) to make sure they're correct
  • including all your income on your tax return
  • following the instructions on how to report income, expenses and deductions
  • filing an amended tax return for any information you receive after you've filed your return

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about how to file electronically.

Page Last Reviewed or Updated: 28-Feb-2014

How to get help

  • Call the 1-800 number listed on the top right corner of your notice.
  • Authorize someone (e.g., accountant) to contact the IRS on your behalf using Form 2848.
  • See if you qualify for help from a Low Income Taxpayer Clinic.
     

The State Tax Forms To Print Out

State tax forms to print out 25. State tax forms to print out   Nonbusiness Casualty and Theft Losses Table of Contents What's New Introduction Useful Items - You may want to see: CasualtyFamily pet. State tax forms to print out Progressive deterioration. State tax forms to print out Damage from corrosive drywall. State tax forms to print out Theft Loss on Deposits Proof of Loss Figuring a LossDecrease in Fair Market Value Adjusted Basis Insurance and Other Reimbursements Single Casualty on Multiple Properties Deduction Limits$100 Rule 10% Rule When To Report Gains and LossesDisaster Area Loss How To Report Gains and Losses What's New New Section C of Form 4684 for Ponzi-type investment schemes. State tax forms to print out  Section C of Form 4684 is new for 2013. State tax forms to print out You must complete Section C if you are claiming a theft loss deduction due to a Ponzi-type investment scheme and are using Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58. State tax forms to print out Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. State tax forms to print out You do not need to complete Appendix A. State tax forms to print out For details, see Losses from Ponzi-type investment schemes , in this chapter. State tax forms to print out Introduction This chapter explains the tax treatment of personal (not business or investment related) casualty losses, theft losses, and losses on deposits. State tax forms to print out The chapter also explains the following  topics. State tax forms to print out How to figure the amount of your loss. State tax forms to print out How to treat insurance and other reimbursements you receive. State tax forms to print out The deduction limits. State tax forms to print out When and how to report a casualty or theft. State tax forms to print out Forms to file. State tax forms to print out    When you have a casualty or theft, you have to file Form 4684. State tax forms to print out You will also have to file one or more of the following forms. State tax forms to print out Schedule A (Form 1040), Itemized Deductions Schedule D (Form 1040), Capital Gains and Losses Condemnations. State tax forms to print out   For information on condemnations of property, see Involuntary Conversions in chapter 1 of Publication 544, Sales and Other Disposition of Assets. State tax forms to print out Workbook for casualties and thefts. State tax forms to print out    Publication 584 is available to help you make a list of your stolen or damaged personal-use property and figure your loss. State tax forms to print out It includes schedules to help you figure the loss on your home, its contents, and your motor vehicles. State tax forms to print out Business or investment-related losses. State tax forms to print out   For information on a casualty or theft loss of business or income-producing property, see Publication 547, Casualties, Disasters, and Thefts. State tax forms to print out Useful Items - You may want to see: Publication 544 Sales and Other Dispositions  of Assets 547 Casualties, Disasters, and   Thefts 584 Casualty, Disaster, and Theft   Loss Workbook (Personal-Use  Property) Form (and Instructions) Schedule A (Form 1040) Itemized Deductions Schedule D (Form 1040) Capital Gains and Losses 4684 Casualties and Thefts Casualty A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. State tax forms to print out A sudden event is one that is swift, not gradual or progressive. State tax forms to print out An unexpected event is one that is ordinarily unanticipated and unintended. State tax forms to print out An unusual event is one that is not a day-to-day occurrence and that is not typical of the activity in which you were engaged. State tax forms to print out Deductible losses. State tax forms to print out   Deductible casualty losses can result from a number of different causes, including the following. State tax forms to print out Car accidents (but see Nondeductible losses , next, for exceptions). State tax forms to print out Earthquakes. State tax forms to print out Fires (but see Nondeductible losses , next, for exceptions). State tax forms to print out Floods. State tax forms to print out Government-ordered demolition or relocation of a home that is unsafe to use because of a disaster as discussed under Disaster Area Losses in Publication 547. State tax forms to print out Mine cave-ins. State tax forms to print out Shipwrecks. State tax forms to print out Sonic booms. State tax forms to print out Storms, including hurricanes and tornadoes. State tax forms to print out Terrorist attacks. State tax forms to print out Vandalism. State tax forms to print out Volcanic eruptions. State tax forms to print out Nondeductible losses. State tax forms to print out   A casualty loss is not deductible if the damage or destruction is caused by the following. State tax forms to print out Accidentally breaking articles such as glassware or china under normal conditions. State tax forms to print out A family pet (explained below). State tax forms to print out A fire if you willfully set it or pay someone else to set it. State tax forms to print out A car accident if your willful negligence or willful act caused it. State tax forms to print out The same is true if the willful act or willful negligence of someone acting for you caused the accident. State tax forms to print out Progressive deterioration (explained later). State tax forms to print out Family pet. State tax forms to print out   Loss of property due to damage by a family pet is not deductible as a casualty loss unless the requirements discussed earlier under Casualty are met. State tax forms to print out Example. State tax forms to print out Your antique oriental rug was damaged by your new puppy before it was housebroken. State tax forms to print out Because the damage was not unexpected and unusual, the loss is not deductible as a casualty loss. State tax forms to print out Progressive deterioration. State tax forms to print out    Loss of property due to progressive deterioration is not deductible as a casualty loss. State tax forms to print out This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. State tax forms to print out The following are examples of damage due to progressive deterioration. State tax forms to print out The steady weakening of a building due to normal wind and weather conditions. State tax forms to print out The deterioration and damage to a water heater that bursts. State tax forms to print out However, the rust and water damage to rugs and drapes caused by the bursting of a water heater does qualify as a casualty. State tax forms to print out Most losses of property caused by droughts. State tax forms to print out To be deductible, a drought-related loss generally must be incurred in a trade or business or in a transaction entered into for profit. State tax forms to print out Termite or moth damage. State tax forms to print out The damage or destruction of trees, shrubs, or other plants by a fungus, disease, insects, worms, or similar pests. State tax forms to print out However, a sudden destruction due to an unexpected or unusual infestation of beetles or other insects may result in a casualty loss. State tax forms to print out Damage from corrosive drywall. State tax forms to print out   Under a special procedure, you may be able to claim a casualty loss deduction for amounts you paid to repair damage to your home and household appliances that resulted from corrosive drywall. State tax forms to print out For details, see Publication 547. State tax forms to print out Theft A theft is the taking and removing of money or property with the intent to deprive the owner of it. State tax forms to print out The taking of property must be illegal under the laws of the state where it occurred and it must have been done with criminal intent. State tax forms to print out You do not need to show a conviction for theft. State tax forms to print out Theft includes the taking of money or property by the following means. State tax forms to print out Blackmail. State tax forms to print out Burglary. State tax forms to print out Embezzlement. State tax forms to print out Extortion. State tax forms to print out Kidnapping for ransom. State tax forms to print out Larceny. State tax forms to print out Robbery. State tax forms to print out The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. State tax forms to print out Decline in market value of stock. State tax forms to print out   You cannot deduct as a theft loss the decline in market value of stock acquired on the open market for investment if the decline is caused by disclosure of accounting fraud or other illegal misconduct by the officers or directors of the corporation that issued the stock. State tax forms to print out However, you can deduct as a capital loss the loss you sustain when you sell or exchange the stock or the stock becomes completely worthless. State tax forms to print out You report a capital loss on Schedule D (Form 1040). State tax forms to print out For more information about stock sales, worthless stock, and capital losses, see chapter 4 of Publication 550. State tax forms to print out Mislaid or lost property. State tax forms to print out   The simple disappearance of money or property is not a theft. State tax forms to print out However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. State tax forms to print out Sudden, unexpected, and unusual events are defined earlier. State tax forms to print out Example. State tax forms to print out A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. State tax forms to print out The diamond falls from the ring and is never found. State tax forms to print out The loss of the diamond is a casualty. State tax forms to print out Losses from Ponzi-type investment schemes. State tax forms to print out   If you had a loss from a Ponzi-type investment scheme, see: Revenue Ruling 2009-9, 2009-14 I. State tax forms to print out R. State tax forms to print out B. State tax forms to print out 735 (available at www. State tax forms to print out irs. State tax forms to print out gov/irb/2009-14_IRB/ar07. State tax forms to print out html). State tax forms to print out Revenue Procedure 2009-20, 2009-14 I. State tax forms to print out R. State tax forms to print out B. State tax forms to print out 749 (available at www. State tax forms to print out irs. State tax forms to print out gov/irb/2009-14_IRB/ar11. State tax forms to print out html). State tax forms to print out Revenue Procedure 2011-58, 2011-50 I. State tax forms to print out R. State tax forms to print out B. State tax forms to print out 849 (available at www. State tax forms to print out irs. State tax forms to print out gov/irb/2011-50_IRB/ar11. State tax forms to print out html). State tax forms to print out If you qualify to use Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58, and you choose to follow the procedures in the guidance, first fill out Section C of Form 4684 to determine the amount to enter on Section B, line 28. State tax forms to print out Skip lines 19 to 27. State tax forms to print out Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. State tax forms to print out You do not need to complete Appendix A. State tax forms to print out For more information, see the above revenue ruling and revenue procedures, and the Instructions for Form 4684. State tax forms to print out   If you choose not to use the procedures in Revenue Procedure 2009-20, you may claim your theft loss by filling out Section B, lines 19 to 39, as appropriate. State tax forms to print out Loss on Deposits A loss on deposits can occur when a bank, credit union, or other financial institution becomes insolvent or bankrupt. State tax forms to print out If you incurred this type of loss, you can choose one of the following ways to deduct the loss. State tax forms to print out As a casualty loss. State tax forms to print out As an ordinary loss. State tax forms to print out As a nonbusiness bad debt. State tax forms to print out Casualty loss or ordinary loss. State tax forms to print out   You can choose to deduct a loss on deposits as a casualty loss or as an ordinary loss for any year in which you can reasonably estimate how much of your deposits you have lost in an insolvent or bankrupt financial institution. State tax forms to print out The choice is generally made on the return you file for that year and applies to all your losses on deposits for the year in that particular financial institution. State tax forms to print out If you treat the loss as a casualty or ordinary loss, you cannot treat the same amount of the loss as a nonbusiness bad debt when it actually becomes worthless. State tax forms to print out However, you can take a nonbusiness bad debt deduction for any amount of loss that is more than the estimated amount you deducted as a casualty or ordinary loss. State tax forms to print out Once you make this choice, you cannot change it without permission from the Internal Revenue Service. State tax forms to print out   If you claim an ordinary loss, report it as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. State tax forms to print out The maximum amount you can claim is $20,000 ($10,000 if you are married filing separately) reduced by any expected state insurance proceeds. State tax forms to print out Your loss is subject to the 2%-of-adjusted-gross-income limit. State tax forms to print out You cannot choose to claim an ordinary loss if any part of the deposit is federally insured. State tax forms to print out Nonbusiness bad debt. State tax forms to print out   If you do not choose to deduct the loss as a casualty loss or as an ordinary loss, you must wait until the year the actual loss is determined and deduct the loss as a nonbusiness bad debt in that year. State tax forms to print out How to report. State tax forms to print out   The kind of deduction you choose for your loss on deposits determines how you report your loss. State tax forms to print out If you choose: Casualty loss — report it on Form 4684 first and then on Schedule A (Form 1040). State tax forms to print out Ordinary loss — report it on Schedule A (Form 1040) as a miscellaneous itemized deduction. State tax forms to print out Nonbusiness bad debt — report it on Form 8949 first and then on Schedule D (Form 1040). State tax forms to print out More information. State tax forms to print out   For more information, see Special Treatment for Losses on Deposits in Insolvent or Bankrupt Financial Institutions in the Instructions for Form 4684 or Deposit in Insolvent or Bankrupt Financial Institution in Publication 550. State tax forms to print out Proof of Loss To deduct a casualty or theft loss, you must be able to prove that you had a casualty or theft. State tax forms to print out You also must be able to support the amount you take as a deduction. State tax forms to print out Casualty loss proof. State tax forms to print out   For a casualty loss, your records should show all the following. State tax forms to print out The type of casualty (car accident, fire, storm, etc. State tax forms to print out ) and when it occurred. State tax forms to print out That the loss was a direct result of the casualty. State tax forms to print out That you were the owner of the property or, if you leased the property from someone else, that you were contractually liable to the owner for the damage. State tax forms to print out Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. State tax forms to print out Theft loss proof. State tax forms to print out   For a theft loss, your records should show all the following. State tax forms to print out When you discovered that your property was missing. State tax forms to print out That your property was stolen. State tax forms to print out That you were the owner of the property. State tax forms to print out Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. State tax forms to print out It is important that you have records that will prove your deduction. State tax forms to print out If you do not have the actual records to support your deduction, you can use other satisfactory evidence to support it. State tax forms to print out Figuring a Loss Figure the amount of your loss using the following steps. State tax forms to print out Determine your adjusted basis in the property before the casualty or theft. State tax forms to print out Determine the decrease in fair market value of the property as a result of the casualty or theft. State tax forms to print out From the smaller of the amounts you determined in (1) and (2), subtract any insurance or other reimbursement you received or expect to receive. State tax forms to print out For personal-use property and property used in performing services as an employee, apply the deduction limits, discussed later, to determine the amount of your deductible loss. State tax forms to print out Gain from reimbursement. State tax forms to print out   If your reimbursement is more than your adjusted basis in the property, you have a gain. State tax forms to print out This is true even if the decrease in the FMV of the property is smaller than your adjusted basis. State tax forms to print out If you have a gain, you may have to pay tax on it, or you may be able to postpone reporting the gain. State tax forms to print out See Publication 547 for more information on how to treat a gain from a reimbursement for a casualty or theft. State tax forms to print out Leased property. State tax forms to print out   If you are liable for casualty damage to property you lease, your loss is the amount you must pay to repair the property minus any insurance or other reimbursement you receive or expect to receive. State tax forms to print out Decrease in Fair Market Value Fair market value (FMV) is the price for which you could sell your property to a willing buyer when neither of you has to sell or buy and both of you know all the relevant facts. State tax forms to print out The decrease in FMV used to figure the amount of a casualty or theft loss is the difference between the property's fair market value immediately before and immediately after the casualty or theft. State tax forms to print out FMV of stolen property. State tax forms to print out   The FMV of property immediately after a theft is considered to be zero, since you no longer have the property. State tax forms to print out Example. State tax forms to print out Several years ago, you purchased silver dollars at face value for $150. State tax forms to print out This is your adjusted basis in the property. State tax forms to print out Your silver dollars were stolen this year. State tax forms to print out The FMV of the coins was $1,000 just before they were stolen, and insurance did not cover them. State tax forms to print out Your theft loss is $150. State tax forms to print out Recovered stolen property. State tax forms to print out   Recovered stolen property is your property that was stolen and later returned to you. State tax forms to print out If you recovered property after you had already taken a theft loss deduction, you must refigure your loss using the smaller of the property's adjusted basis (explained later) or the decrease in FMV from the time just before it was stolen until the time it was recovered. State tax forms to print out Use this amount to refigure your total loss for the year in which the loss was deducted. State tax forms to print out   If your refigured loss is less than the loss you deducted, you generally have to report the difference as income in the recovery year. State tax forms to print out But report the difference only up to the amount of the loss that reduced your tax. State tax forms to print out For more information on the amount to report, see Recoveries in chapter 12. State tax forms to print out Figuring Decrease in FMV— Items To Consider To figure the decrease in FMV because of a casualty or theft, you generally need a competent appraisal. State tax forms to print out However, other measures can also be used to establish certain decreases. State tax forms to print out Appraisal. State tax forms to print out   An appraisal to determine the difference between the FMV of the property immediately before a casualty or theft and immediately afterward should be made by a competent appraiser. State tax forms to print out The appraiser must recognize the effects of any general market decline that may occur along with the casualty. State tax forms to print out This information is needed to limit any deduction to the actual loss resulting from damage to the property. State tax forms to print out   Several factors are important in evaluating the accuracy of an appraisal, including the following. State tax forms to print out The appraiser's familiarity with your property before and after the casualty or theft. State tax forms to print out The appraiser's knowledge of sales of comparable property in the area. State tax forms to print out The appraiser's knowledge of conditions in the area of the casualty. State tax forms to print out The appraiser's method of appraisal. State tax forms to print out    You may be able to use an appraisal that you used to get a federal loan (or a federal loan guarantee) as the result of a federally declared disaster to establish the amount of your disaster loss. State tax forms to print out For more information on disasters, see Disaster Area Losses, in Pub. State tax forms to print out 547. State tax forms to print out Cost of cleaning up or making repairs. State tax forms to print out   The cost of repairing damaged property is not part of a casualty loss. State tax forms to print out Neither is the cost of cleaning up after a casualty. State tax forms to print out But you can use the cost of cleaning up or making repairs after a casualty as a measure of the decrease in FMV if you meet all the following conditions. State tax forms to print out The repairs are actually made. State tax forms to print out The repairs are necessary to bring the property back to its condition before the casualty. State tax forms to print out The amount spent for repairs is not excessive. State tax forms to print out The repairs take care of the damage only. State tax forms to print out The value of the property after the repairs is not, due to the repairs, more than the value of the property before the casualty. State tax forms to print out Landscaping. State tax forms to print out   The cost of restoring landscaping to its original condition after a casualty may indicate the decrease in FMV. State tax forms to print out You may be able to measure your loss by what you spend on the following. State tax forms to print out Removing destroyed or damaged trees and shrubs minus any salvage you receive. State tax forms to print out Pruning and other measures taken to preserve damaged trees and shrubs. State tax forms to print out Replanting necessary to restore the property to its approximate value before the casualty. State tax forms to print out Car value. State tax forms to print out    Books issued by various automobile organizations that list your car may be useful in figuring the value of your car. State tax forms to print out You can use the book's retail values and modify them by such factors as mileage and the condition of your car to figure its value. State tax forms to print out The prices are not official, but they may be useful in determining value and suggesting relative prices for comparison with current sales and offerings in your area. State tax forms to print out If your car is not listed in the books, determine its value from other sources. State tax forms to print out A dealer's offer for your car as a trade-in on a new car is not usually a measure of its true value. State tax forms to print out Figuring Decrease in FMV— Items Not To Consider You generally should not consider the following items when attempting to establish the decrease in FMV of your property. State tax forms to print out Cost of protection. State tax forms to print out   The cost of protecting your property against a casualty or theft is not part of a casualty or theft loss. State tax forms to print out The amount you spend on insurance or to board up your house against a storm is not part of your loss. State tax forms to print out   If you make permanent improvements to your property to protect it against a casualty or theft, add the cost of these improvements to your basis in the property. State tax forms to print out An example would be the cost of a dike to prevent flooding. State tax forms to print out Exception. State tax forms to print out   You cannot increase your basis in the property by, or deduct as a business expense, any expenditures you made with respect to qualified disaster mitigation payments. State tax forms to print out See Disaster Area Losses in Publication 547. State tax forms to print out Incidental expenses. State tax forms to print out   Any incidental expenses you have due to a casualty or theft, such as expenses for the treatment of personal injuries, for temporary housing, or for a rental car, are not part of your casualty or theft loss. State tax forms to print out Replacement cost. State tax forms to print out   The cost of replacing stolen or destroyed property is not part of a casualty or theft loss. State tax forms to print out Sentimental value. State tax forms to print out   Do not consider sentimental value when determining your loss. State tax forms to print out If a family portrait, heirloom, or keepsake is damaged, destroyed, or stolen, you must base your loss on its FMV, as limited by your adjusted basis in the property. State tax forms to print out Decline in market value of property in or near casualty area. State tax forms to print out   A decrease in the value of your property because it is in or near an area that suffered a casualty, or that might again suffer a casualty, is not to be taken into consideration. State tax forms to print out You have a loss only for actual casualty damage to your property. State tax forms to print out However, if your home is in a federally declared disaster area, see Disaster Area Losses in Publication 547. State tax forms to print out Costs of photographs and appraisals. State tax forms to print out    Photographs taken after a casualty will be helpful in establishing the condition and value of the property after it was damaged. State tax forms to print out Photographs showing the condition of the property after it was repaired, restored, or replaced may also be helpful. State tax forms to print out    Appraisals are used to figure the decrease in FMV because of a casualty or theft. State tax forms to print out See Appraisal , earlier, under Figuring Decrease in FMV — Items To Consider, for information about appraisals. State tax forms to print out   The costs of photographs and appraisals used as evidence of the value and condition of property damaged as a result of a casualty are not a part of the loss. State tax forms to print out You can claim these costs as a miscellaneous itemized deduction subject to the 2%-of-adjusted-gross-income limit on Schedule A (Form 1040). State tax forms to print out For information about miscellaneous deductions, see chapter 28. State tax forms to print out Adjusted Basis Adjusted basis is your basis in the property (usually cost) increased or decreased by various events, such as improvements and casualty losses. State tax forms to print out For more information, see chapter 13. State tax forms to print out Insurance and Other Reimbursements If you receive an insurance payment or other type of reimbursement, you must subtract the reimbursement when you figure your loss. State tax forms to print out You do not have a casualty or theft loss to the extent you are reimbursed. State tax forms to print out If you expect to be reimbursed for part or all of your loss, you must subtract the expected reimbursement when you figure your loss. State tax forms to print out You must reduce your loss even if you do not receive payment until a later tax year. State tax forms to print out See Reimbursement Received After Deducting Loss , later. State tax forms to print out Failure to file a claim for reimbursement. State tax forms to print out   If your property is covered by insurance, you must file a timely insurance claim for reimbursement of your loss. State tax forms to print out Otherwise, you cannot deduct this loss as a casualty or theft loss. State tax forms to print out However, this rule does not apply to the portion of the loss not covered by insurance (for example, a deductible). State tax forms to print out Example. State tax forms to print out You have a car insurance policy with a $1,000 deductible. State tax forms to print out Because your insurance did not cover the first $1,000 of an auto collision, the $1,000 would be deductible (subject to the deduction limits discussed later). State tax forms to print out This is true even if you do not file an insurance claim, because your insurance policy would never have reimbursed you for the deductible. State tax forms to print out Types of Reimbursements The most common type of reimbursement is an insurance payment for your stolen or damaged property. State tax forms to print out Other types of reimbursements are discussed next. State tax forms to print out Also see the Instructions for Form 4684. State tax forms to print out Employer's emergency disaster fund. State tax forms to print out   If you receive money from your employer's emergency disaster fund and you must use that money to rehabilitate or replace property on which you are claiming a casualty loss deduction, you must take that money into consideration in computing the casualty loss deduction. State tax forms to print out Take into consideration only the amount you used to replace your destroyed or damaged property. State tax forms to print out Example. State tax forms to print out Your home was extensively damaged by a tornado. State tax forms to print out Your loss after reimbursement from your insurance company was $10,000. State tax forms to print out Your employer set up a disaster relief fund for its employees. State tax forms to print out Employees receiving money from the fund had to use it to rehabilitate or replace their damaged or destroyed property. State tax forms to print out You received $4,000 from the fund and spent the entire amount on repairs to your home. State tax forms to print out In figuring your casualty loss, you must reduce your unreimbursed loss ($10,000) by the $4,000 you received from your employer's fund. State tax forms to print out Your casualty loss before applying the deduction limits discussed later is $6,000. State tax forms to print out Cash gifts. State tax forms to print out   If you receive excludable cash gifts as a disaster victim and there are no limits on how you can use the money, you do not reduce your casualty loss by these excludable cash gifts. State tax forms to print out This applies even if you use the money to pay for repairs to property damaged in the disaster. State tax forms to print out Example. State tax forms to print out Your home was damaged by a hurricane. State tax forms to print out Relatives and neighbors made cash gifts to you that were excludable from your income. State tax forms to print out You used part of the cash gifts to pay for repairs to your home. State tax forms to print out There were no limits or restrictions on how you could use the cash gifts. State tax forms to print out Because it was an excludable gift, the money you received and used to pay for repairs to your home does not reduce your casualty loss on the damaged home. State tax forms to print out Insurance payments for living expenses. State tax forms to print out   You do not reduce your casualty loss by insurance payments you receive to cover living expenses in either of the following situations. State tax forms to print out You lose the use of your main home because of a casualty. State tax forms to print out Government authorities do not allow you access to your main home because of a casualty or threat of one. State tax forms to print out Inclusion in income. State tax forms to print out   If these insurance payments are more than the temporary increase in your living expenses, you must include the excess in your income. State tax forms to print out Report this amount on Form 1040, line 21. State tax forms to print out However, if the casualty occurs in a federally declared disaster area, none of the insurance payments are taxable. State tax forms to print out See Qualified disaster relief payments, under Disaster Area Losses in Publication 547. State tax forms to print out   A temporary increase in your living expenses is the difference between the actual living expenses you and your family incurred during the period you could not use your home and your normal living expenses for that period. State tax forms to print out Actual living expenses are the reasonable and necessary expenses incurred because of the loss of your main home. State tax forms to print out Generally, these expenses include the amounts you pay for the following. State tax forms to print out Rent for suitable housing. State tax forms to print out Transportation. State tax forms to print out Food. State tax forms to print out Utilities. State tax forms to print out Miscellaneous services. State tax forms to print out Normal living expenses consist of these same expenses that you would have incurred but did not because of the casualty or the threat of one. State tax forms to print out Example. State tax forms to print out As a result of a fire, you vacated your apartment for a month and moved to a motel. State tax forms to print out You normally pay $525 a month for rent. State tax forms to print out None was charged for the month the apartment was vacated. State tax forms to print out Your motel rent for this month was $1,200. State tax forms to print out You normally pay $200 a month for food. State tax forms to print out Your food expenses for the month you lived in the motel were $400. State tax forms to print out You received $1,100 from your insurance company to cover your living expenses. State tax forms to print out You determine the payment you must include in income as follows. State tax forms to print out 1) Insurance payment for living expenses $1,100 2) Actual expenses during the month you are unable to use your home because of fire 1,600   3) Normal living expenses 725   4) Temporary increase in living  expenses: Subtract line 3 from line 2 875 5) Amount of payment includible  in income: Subtract line 4  from line 1 $ 225 Tax year of inclusion. State tax forms to print out   You include the taxable part of the insurance payment in income for the year you regain the use of your main home or, if later, for the year you receive the taxable part of the insurance payment. State tax forms to print out Example. State tax forms to print out Your main home was destroyed by a tornado in August 2011. State tax forms to print out You regained use of your home in November 2012. State tax forms to print out The insurance payments you received in 2011 and 2012 were $1,500 more than the temporary increase in your living expenses during those years. State tax forms to print out You include this amount in income on your 2012 Form 1040. State tax forms to print out If, in 2013, you receive further payments to cover the living expenses you had in 2011 and 2012, you must include those payments in income on your 2013 Form 1040. State tax forms to print out Disaster relief. State tax forms to print out   Food, medical supplies, and other forms of assistance you receive do not reduce your casualty loss unless they are replacements for lost or destroyed property. State tax forms to print out Qualified disaster relief payments you receive for expenses you incurred as a result of a federally declared disaster are not taxable income to you. State tax forms to print out For more information, see Disaster Area Losses in Publication 547. State tax forms to print out Disaster unemployment assistance payments are unemployment benefits that are taxable. State tax forms to print out Generally, disaster relief grants and qualified disaster mitigation payments made under the Robert T. State tax forms to print out Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) are not includible in your income. State tax forms to print out See Disaster Area Losses in Publication 547. State tax forms to print out Reimbursement Received After Deducting Loss If you figured your casualty or theft loss using your expected reimbursement, you may have to adjust your tax return for the tax year in which you receive your actual reimbursement. State tax forms to print out This section explains the adjustment you may have to make. State tax forms to print out Actual reimbursement less than expected. State tax forms to print out   If you later receive less reimbursement than you expected, include that difference as a loss with your other losses (if any) on your return for the year in which you can reasonably expect no more reimbursement. State tax forms to print out Example. State tax forms to print out Your personal car had an FMV of $2,000 when it was destroyed in a collision with another car in 2012. State tax forms to print out The accident was due to the negligence of the other driver. State tax forms to print out At the end of 2012, there was a reasonable prospect that the owner of the other car would reimburse you in full. State tax forms to print out You did not have a deductible loss in 2012. State tax forms to print out In January 2013, the court awarded you a judgment of $2,000. State tax forms to print out However, in July it became apparent that you will be unable to collect any amount from the other driver. State tax forms to print out You can deduct the loss in 2013 subject to the limits discussed later. State tax forms to print out Actual reimbursement more than expected. State tax forms to print out   If you later receive more reimbursement than you expected after you claimed a deduction for the loss, you may have to include the extra reimbursement in your income for the year you receive it. State tax forms to print out However, if any part of the original deduction did not reduce your tax for the earlier year, do not include that part of the reimbursement in your income. State tax forms to print out You do not refigure your tax for the year you claimed the deduction. State tax forms to print out For more information, see Recoveries in chapter 12. State tax forms to print out If the total of all the reimbursements you receive is more than your adjusted basis in the destroyed or stolen property, you will have a gain on the casualty or theft. State tax forms to print out If you have already taken a deduction for a loss and you receive the reimbursement in a later year, you may have to include the gain in your income for the later year. State tax forms to print out Include the gain as ordinary income up to the amount of your deduction that reduced your tax for the earlier year. State tax forms to print out See Figuring a Gain in Publication 547 for more information on how to treat a gain from the reimbursement of a casualty or theft. State tax forms to print out Actual reimbursement same as expected. State tax forms to print out   If you receive exactly the reimbursement you expected to receive, you do not have to include any of the reimbursement in your income and you cannot deduct any additional loss. State tax forms to print out Example. State tax forms to print out In December 2013, you had a collision while driving your personal car. State tax forms to print out Repairs to the car cost $950. State tax forms to print out You had $100 deductible collision insurance. State tax forms to print out Your insurance company agreed to reimburse you for the rest of the damage. State tax forms to print out Because you expected a reimbursement from the insurance company, you did not have a casualty loss deduction in 2013. State tax forms to print out Due to the $100 rule (discussed later under Deduction Limits ), you cannot deduct the $100 you paid as the deductible. State tax forms to print out When you receive the $850 from the insurance company in 2014, do not report it as income. State tax forms to print out Single Casualty on Multiple Properties Personal property. State tax forms to print out   Personal property is any property that is not real property. State tax forms to print out If your personal property is stolen or is damaged or destroyed by a casualty, you must figure your loss separately for each item of property. State tax forms to print out Then combine these separate losses to figure the total loss from that casualty or theft. State tax forms to print out Example. State tax forms to print out A fire in your home destroyed an upholstered chair, an oriental rug, and an antique table. State tax forms to print out You did not have fire insurance to cover your loss. State tax forms to print out (This was the only casualty or theft you had during the year. State tax forms to print out ) You paid $750 for the chair and you established that it had an FMV of $500 just before the fire. State tax forms to print out The rug cost $3,000 and had an FMV of $2,500 just before the fire. State tax forms to print out You bought the table at an auction for $100 before discovering it was an antique. State tax forms to print out It had been appraised at $900 before the fire. State tax forms to print out You figure your loss on each of these items as follows:     Chair Rug Table 1) Basis (cost) $750 $3,000 $100 2) FMV before fire $500 $2,500 $900 3) FMV after fire –0– –0– –0– 4) Decrease in FMV $500 $2,500 $900 5) Loss (smaller of (1) or  (4)) $500 $2,500 $100           6) Total loss     $3,100 Real property. State tax forms to print out   In figuring a casualty loss on personal-use real property, treat the entire property (including any improvements, such as buildings, trees, and shrubs) as one item. State tax forms to print out Figure the loss using the smaller of the adjusted basis or the decrease in FMV of the entire property. State tax forms to print out Example. State tax forms to print out You bought your home a few years ago. State tax forms to print out You paid $160,000 ($20,000 for the land and $140,000 for the house). State tax forms to print out You also spent $2,000 for landscaping. State tax forms to print out This year a fire destroyed your home. State tax forms to print out The fire also damaged the shrubbery and trees in your yard. State tax forms to print out The fire was your only casualty or theft loss this year. State tax forms to print out Competent appraisers valued the property as a whole at $200,000 before the fire, but only $30,000 after the fire. State tax forms to print out (The loss to your household furnishings is not shown in this example. State tax forms to print out It would be figured separately on each item, as explained earlier under Personal property . State tax forms to print out ) Shortly after the fire, the insurance company paid you $155,000 for the loss. State tax forms to print out You figure your casualty loss as follows: 1) Adjusted basis of the entire property (land, building, and landscaping) $162,000 2) FMV of entire property before fire $200,000 3) FMV of entire property after fire 30,000 4) Decrease in FMV of entire  property $170,000 5) Loss (smaller of (1) or (4)) $162,000 6) Subtract insurance 155,000 7) Amount of loss after reimbursement $7,000 Deduction Limits After you have figured your casualty or theft loss, you must figure how much of the loss you can deduct. State tax forms to print out If the loss was to property for your personal use or your family's use, there are two limits on the amount you can deduct for your casualty or theft loss. State tax forms to print out You must reduce each casualty or theft loss by $100 ($100 rule). State tax forms to print out You must further reduce the total of all your casualty or theft losses by 10% of your adjusted gross income (10% rule). State tax forms to print out You make these reductions on Form 4684. State tax forms to print out These rules are explained next and Table 25-1 summarizes how to apply the $100 rule and the 10% rule in various situations. State tax forms to print out For more detailed explanations and examples, see Publication 547. State tax forms to print out Table 25-1. State tax forms to print out How To Apply the Deduction Limits for Personal-Use Property   $100 Rule 10% Rule General Application You must reduce each casualty or theft loss by $100 when figuring your deduction. State tax forms to print out Apply this rule after you have figured the amount of your loss. State tax forms to print out You must reduce your total casualty or theft loss by 10% of your adjusted gross income. State tax forms to print out Apply this rule after you reduce each loss by $100 (the $100 rule). State tax forms to print out Single Event Apply this rule only once, even if many pieces of property are affected. State tax forms to print out Apply this rule only once, even if many pieces of property are affected. State tax forms to print out More Than One Event Apply to the loss from each event. State tax forms to print out Apply to the total of all your losses from all events. State tax forms to print out More Than One Person— With Loss From the Same Event (other than a married couple filing jointly) Apply separately to each person. State tax forms to print out Apply separately to each person. State tax forms to print out Married Couple—With Loss From the Same Event Filing Jointly Apply as if you were one person. State tax forms to print out Apply as if you were one person. State tax forms to print out Filing Separately Apply separately to each spouse. State tax forms to print out Apply separately to each spouse. State tax forms to print out More Than One Owner (other than a married couple filing jointly) Apply separately to each owner of jointly owned property. State tax forms to print out Apply separately to each owner of jointly owned property. State tax forms to print out Property used partly for business and partly for personal purposes. State tax forms to print out   When property is used partly for personal purposes and partly for business or income-producing purposes, the casualty or theft loss deduction must be figured separately for the personal-use part and for the business or income-producing part. State tax forms to print out You must figure each loss separately because the $100 rule and the 10% rule apply only to the loss on the personal-use part of the property. State tax forms to print out $100 Rule After you have figured your casualty or theft loss on personal-use property, you must reduce that loss by $100. State tax forms to print out This reduction applies to each total casualty or theft loss. State tax forms to print out It does not matter how many pieces of property are involved in an event. State tax forms to print out Only a single $100 reduction applies. State tax forms to print out Example. State tax forms to print out A hailstorm damages your home and your car. State tax forms to print out Determine the amount of loss, as discussed earlier, for each of these items. State tax forms to print out Since the losses are due to a single event, you combine the losses and reduce the combined amount by $100. State tax forms to print out Single event. State tax forms to print out   Generally, events closely related in origin cause a single casualty. State tax forms to print out It is a single casualty when the damage is from two or more closely related causes, such as wind and flood damage caused by the same storm. State tax forms to print out 10% Rule You must reduce the total of all your casualty or theft losses on personal-use property by 10% of your adjusted gross income. State tax forms to print out Apply this rule after you reduce each loss by $100. State tax forms to print out For more information, see the Form 4684 instructions. State tax forms to print out If you have both gains and losses from casualties or thefts, see Gains and losses , later in this discussion. State tax forms to print out Example 1. State tax forms to print out In June, you discovered that your house had been burglarized. State tax forms to print out Your loss after insurance reimbursement was $2,000. State tax forms to print out Your adjusted gross income for the year you discovered the theft is $29,500. State tax forms to print out You first apply the $100 rule and then the 10% rule. State tax forms to print out Figure your theft loss deduction as follows. State tax forms to print out 1) Loss after insurance $2,000 2) Subtract $100 100 3) Loss after $100 rule $1,900 4) Subtract 10% × $29,500 AGI 2,950 5) Theft loss deduction –0– You do not have a theft loss deduction because your loss after you apply the $100 rule ($1,900) is less than 10% of your adjusted gross income ($2,950). State tax forms to print out Example 2. State tax forms to print out In March, you had a car accident that totally destroyed your car. State tax forms to print out You did not have collision insurance on your car, so you did not receive any insurance reimbursement. State tax forms to print out Your loss on the car was $1,800. State tax forms to print out In November, a fire damaged your basement and totally destroyed the furniture, washer, dryer, and other items stored there. State tax forms to print out Your loss on the basement items after reimbursement was $2,100. State tax forms to print out Your adjusted gross income for the year that the accident and fire occurred is $25,000. State tax forms to print out You figure your casualty loss deduction as follows. State tax forms to print out       Base-     Car ment 1) Loss $1,800 $2,100 2) Subtract $100 per incident 100 100 3) Loss after $100 rule $1,700 $2,000 4) Total loss $3,700 5) Subtract 10% × $25,000 AGI 2,500 6) Casualty loss deduction $1,200 Gains and losses. State tax forms to print out   If you had both gains and losses from casualties or thefts to personal-use property, you must compare your total gains to your total losses. State tax forms to print out Do this after you have reduced each loss by any reimbursements and by $100, but before you have reduced the losses by 10% of your adjusted gross income. State tax forms to print out Casualty or theft gains do not include gains you choose to postpone. State tax forms to print out See Publication 547 for information on the postponement of gain. State tax forms to print out Losses more than gains. State tax forms to print out   If your losses are more than your recognized gains, subtract your gains from your losses and reduce the result by 10% of your adjusted gross income. State tax forms to print out The rest, if any, is your deductible loss from personal-use property. State tax forms to print out Gains more than losses. State tax forms to print out   If your recognized gains are more than your losses, subtract your losses from your gains. State tax forms to print out The difference is treated as capital gain and must be reported on Schedule D (Form 1040). State tax forms to print out The 10% rule does not apply to your gains. State tax forms to print out When To Report Gains and Losses Gains. State tax forms to print out   If you receive an insurance or other reimbursement that is more than your adjusted basis in the destroyed or stolen property, you have a gain from the casualty or theft. State tax forms to print out You must include this gain in your income in the year you receive the reimbursement, unless you choose to postpone reporting the gain as explained in Publication 547. State tax forms to print out If you have a loss, see Table 25-2 . State tax forms to print out Table 25-2. State tax forms to print out When To Deduct a Loss IF you have a loss. State tax forms to print out . State tax forms to print out . State tax forms to print out THEN deduct it in the year. State tax forms to print out . State tax forms to print out . State tax forms to print out from a casualty, the loss occurred. State tax forms to print out in a federally declared disaster area, the disaster occurred or the year immediately before the disaster. State tax forms to print out from a theft, the theft was discovered. State tax forms to print out on a deposit treated as a:   • casualty or any ordinary loss, a reasonable estimate can be made. State tax forms to print out • bad debt, deposits are totally worthless. State tax forms to print out Losses. State tax forms to print out   Generally, you can deduct a casualty loss that is not reimbursable only in the tax year in which the casualty occurred. State tax forms to print out This is true even if you do not repair or replace the damaged property until a later year. State tax forms to print out   You can deduct theft losses that are not reimbursable only in the year you discover your property was stolen. State tax forms to print out   If you are not sure whether part of your casualty or theft loss will be reimbursed, do not deduct that part until the tax year when you become reasonably certain that it will not be reimbursed. State tax forms to print out Loss on deposits. State tax forms to print out   If your loss is a loss on deposits in an insolvent or bankrupt financial institution, see Loss on Deposits , earlier. State tax forms to print out Disaster Area Loss You generally must deduct a casualty loss in the year it occurred. State tax forms to print out However, if you have a casualty loss from a federally declared disaster that occurred in an area warranting public or individual assistance (or both), you can choose to deduct the loss on your tax return or amended return for either of the following years. State tax forms to print out The year the disaster occurred. State tax forms to print out The year immediately preceding the year the disaster occurred. State tax forms to print out Gains. State tax forms to print out    Special rules apply if you choose to postpone reporting gain on property damaged or destroyed in a federally declared disaster area. State tax forms to print out For those special rules, see Publication 547. State tax forms to print out Postponed tax deadlines. State tax forms to print out   The IRS may postpone for up to 1 year certain tax deadlines of taxpayers who are affected by a federally declared disaster. State tax forms to print out The tax deadlines the IRS may postpone include those for filing income and employment tax returns, paying income and employment taxes, and making contributions to a traditional IRA or Roth IRA. State tax forms to print out   If any tax deadline is postponed, the IRS will publicize the postponement in your area by publishing a news release, revenue ruling, revenue procedure, notice, announcement, or other guidance in the Internal Revenue Bulletin (IRB). State tax forms to print out Go to www. State tax forms to print out irs. State tax forms to print out gov/uac/Tax-Relief-in-Disaster-Situations to find out if a tax deadline has been postponed for your area. State tax forms to print out Who is eligible. State tax forms to print out   If the IRS postpones a tax deadline, the following taxpayers are eligible for the postponement. State tax forms to print out Any individual whose main home is located in a covered disaster area (defined next). State tax forms to print out Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. State tax forms to print out Any individual who is a relief worker affiliated with a recognized government or philanthropic organization who is assisting in a covered disaster area. State tax forms to print out Any individual, business entity, or sole proprietorship whose records are needed to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. State tax forms to print out The main home or principal place of business does not have to be located in the covered disaster area. State tax forms to print out Any estate or trust that has tax records necessary to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. State tax forms to print out The spouse on a joint return with a taxpayer who is eligible for postponements. State tax forms to print out Any individual, business entity, or sole proprietorship not located in a covered disaster area, but whose records necessary to meet a postponed tax deadline are located in the covered disaster area. State tax forms to print out Any individual visiting the covered disaster area who was killed or injured as a result of the disaster. State tax forms to print out Any other person determined by the IRS to be affected by a federally declared disaster. State tax forms to print out Covered disaster area. State tax forms to print out   This is an area of a federally declared disaster in which the IRS has decided to postpone tax deadlines for up to 1 year. State tax forms to print out Abatement of interest and penalties. State tax forms to print out   The IRS may abate the interest and penalties on underpaid income tax for the length of any postponement of tax deadlines. State tax forms to print out More information. State tax forms to print out   For more information, see Disaster Area Losses in Publication 547. State tax forms to print out How To Report Gains and Losses Use Form 4684 to report a gain or a deductible loss from a casualty or theft. State tax forms to print out If you have more than one casualty or theft, use a separate Form 4684 to determine your gain or loss for each event. State tax forms to print out Combine the gains and losses on one Form 4684. State tax forms to print out Follow the form instructions as to which lines to fill out. State tax forms to print out In addition, you must use the appropriate schedule to report a gain or loss. State tax forms to print out The schedule you use depends on whether you have a gain or loss. State tax forms to print out If you have a: Report it on: Gain Schedule D (Form 1040) Loss Schedule A (Form 1040) Adjustments to basis. State tax forms to print out   If you have a casualty or theft loss, you must decrease your basis in the property by any insurance or other reimbursement you receive, and by any deductible loss. State tax forms to print out Amounts you spend to restore your property after a casualty increase your adjusted basis. State tax forms to print out See Adjusted Basis in chapter 13 for more information. State tax forms to print out Net operating loss (NOL). State tax forms to print out    If your casualty or theft loss deduction causes your deductions for the year to be more than your income for the year, you may have an NOL. State tax forms to print out You can use an NOL to lower your tax in an earlier year, allowing you to get a refund for tax you have already paid. State tax forms to print out Or, you can use it to lower your tax in a later year. State tax forms to print out You do not have to be in business to have an NOL from a casualty or theft loss. State tax forms to print out For more information, see Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. State tax forms to print out Prev  Up  Next   Home   More Online Publications