Transcription of and Thefts Disasters, - IRS tax forms
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and Thefts Disasters, - IRS tax forms
ContentsWhat s on of a a To Report Gains and Area To Report Gains and To Get Tax s NewLimitation on personal casualty and theft losses. Personal casualty and theft losses of an individual, sustained in a tax year beginning after 2017, are deductible only to the extent they re attributable to a federally declared dis-aster. The loss deduction is subject to the $100 limit per casualty and 10% of your adjusted gross income (AGI) exception to the rule above, limiting the personal casualty and theft loss deduction to losses attributable to a federally declared disas-ter, applies if you have personal casualty gains for the tax year. In this case, you will reduce your personal casualty gains by any casualty losses not attributable to a federally declared disaster.
tions, and publications. Do not send tax ques-tions, tax returns, or payments to the above ad-dress. Getting answers to your tax questions. If you have a tax question not answered by this publication or the How To Get Tax Help section at the end of this publication, go to the IRS In-teractive Tax Assistant page at IRS.gov/
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