Workbook Theft Loss Disaster, and Casualty, Business

1 What s NewDisaster tax relief was enacted for those impacted by Hurricane Harvey, Irma, or Maria, including provisions that modified the calculation of casualty and Theft losses of personal -use property. See Pub. 976, Disaster Relief, for more information about these and other disaster tax relief provisions that may not be covered in this developments. For the latest informa-tion about developments related to Pub. 584-B, such as legislation enacted after it was pub-lished, go to of missing children. The Inter-nal Revenue Service is a proud partner with the National Center for Missing & Exploited Children (NCMEC).

2 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 rec-ognize a Workbook is designed to help you figure your loss on Business and income-producing property in the event of a disaster, casualty, or Theft . It contains schedules to help you figure the loss to your office furniture and fixtures, in-formation systems, motor vehicles, office sup-plies, buildings, and equipment. These sched-ules, however, are for your information only.

3 You must complete Form 4684, Casualties and Thefts, to report your To Use This WorkbookYou can use this Workbook by following these five Pub. 547 to learn about the tax rules for casualties, disasters, and the definitions of adjusted basis and fair market value, discussed out Schedules 1 through the Instructions for Form out Form 4684 using the information you entered in Schedules 1 through the chart below to find out how to use Schedules 1 through 6 to fill out Form of the TreasuryInternal Revenue ServicePublication 584-B(Rev. October 2017)Cat. No. 31749 KBusiness Casualty, Disaster, andTheft LossWorkbookGet forms and other information faster and easier at: (English) (Espa ol) ( ) ( ) (Pусский) (Ti ngVi t) Userid: CPMS chema: tipxLeadpct: 100%Pt.

4 Size: 8 Draft Ok to PrintAH XSL/XMLF ileid: .. ns/P584B/201710/A/XML/Cycle02/source(Ini t. & Date) _____Page 1 of 11 15:37 - 16-Oct-2017 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before 16, 2017 Take what's in each row enter it on Form 19 Column 20 Column 21 Column 22 Column 23 Column 24 Column 25 Column 26 Column 27 Adjusted basis. Adjusted basis usually means original cost plus improvements, minus depreci-ation allowed or allowable (including any sec-tion 179 expense deduction), amortization, de-pletion, etc.

5 If you didn t acquire the property by purchasing it, your basis is determined as dis-cussed in Pub. 551. If you inherited the property from someone who died in 2010 and the execu-tor of the decedent's estate made the election to file Form 8939, refer to the information provi-ded by the market value. Fair market value 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. When filling out Schedules 1 through 6, you need to know the fair market value of the prop-erty immediately before and immediately after the disaster or limits.

6 If your casualty or Theft loss involved a home you used for Business or ren-ted out, your deductible loss may be limited. See the Instructions for Form 4684, Section B. If the casualty or Theft loss involved property used in a passive activity, see Form 8582 and its casualty and Theft loss deduction for employee property, when added to your job ex-penses and most other miscellaneous itemized deductions on Schedule A (Form 1040), must be reduced by 2% of your adjusted gross in-come. Employee property is property used in performing services as an and SuggestionsWe welcome your comments about this publi-cation and your suggestions for future can send us comments through Or you can write to:Internal Revenue ServiceTax Forms and Publications1111 Constitution Ave.

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8 Find free options to prepare and file your return on or in your local community if you Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $54,000 or less, persons with disabilities, and limited-English-speaking taxpayers who need help preparing their own tax returns. The Tax Counseling for the Elderly (TCE) program offers free tax help for all tax-payers, particularly those who are 60 years of age and older. TCE volunteers specialize in an-swering questions about pensions and retire-ment-related issues unique to can go to to see your options for preparing and filing your return which in-clude the File.

9 Go to See if you qualify to use brand-name software to prepare and e-file your federal tax return for Go to , download the free IRS2Go app, or call 1-800-906-9887 to find the nearest VITA location for free tax Go to , download the free IRS2Go app, or call 1-888-227-7669 to find the nearest TCE location for free tax answers to your tax ques-tions. On get answers to your tax questions anytime, to or pages for a variety of tools that will help you get answers to some of the most com-mon tax to for the Interactive Tax Assistant, a tool that will ask you questions on a number of tax law topics and provide answers.

10 You can print the entire interview and the final response for your to to get Pub. 17, Your Federal Income Tax for Individuals, which features details on tax-saving opportuni-ties, 2017 tax changes, and thousands of interactive links to help you find answers to your questions. View it online in HTML, as a PDF, or download it to your mobile de-vice as an may also be able to access tax law in-formation in your electronic filing tax forms and publications. Go to to view, download, or print all of the forms and publications you may need. You can also download and view popular tax publi-cations and instructions (including the 1040 in-structions) on mobile devices as an eBook at no charge.