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IRS.gov Website
Publication 17
taxmap/pub17/p17-134.htm#en_us_publink1000173520

Chapter 25
Nonbusiness Casualty and Theft Losses(p171)


What’s New(p171)

rule
EIC
At the time this publication went to print, Congress was considering legislation that would do the following.
  1. Provide additional tax relief for those affected by Hurricane Harvey, Irma, or Maria, and tax relief for those affected by other 2017 disasters, such as the California wildfires.
  2. Extend certain tax benefits that expired at the end of 2016 and that currently can't be claimed on your 2017 tax return.
  3. Change certain other tax provisions.
To learn whether this legislation was enacted resulting in changes that affect your 2017 tax return, go to Recent Developments at IRS.gov/Pub17.
taxmap/pub17/p17-134.htm#en_us_publink100071997
Disaster tax relief.(p171)
Disaster tax relief was enacted for those impacted by Hurricane Harvey, Irma, or Maria, including provisions that modified the calculation of casualty and theft losses. See Pub. 976, Disaster Relief, for more information.
taxmap/pub17/p17-134.htm#en_us_publink100074305
Safe-harbor provisions to determine casualty and theft loss deduction.(p171)
Safe-harbor provisions allow filers to determine their casualty and theft loss deductions for personal-use residential real property and personal belongings resulting from a federally declared disaster without an appraisal. See Pub. 976, Disaster Relief, for more information about the safe-harbor provisions.
taxmap/pub17/p17-134.htm#en_us_publink1000278732
This chapter explains the tax treatment of personal (not business or investment-related) casualty losses, theft losses, and losses on deposits.
The chapter also explains the following
topics.
taxmap/pub17/p17-134.htm#en_us_publink1000173527

Forms to file.(p171)

rule
When you have a casualty or theft, you have to file Form 4684. You will also have to file one or more of the following forms.
taxmap/pub17/p17-134.htm#en_us_publink1000173528

Condemnations.(p171)

rule
For information on condemnations of property, see Involuntary Conversions in chapter 1 of Pub. 544, Sales and Other Dispositions of Assets.
taxmap/pub17/p17-134.htm#en_us_publink1000173529

Workbook for casualties and thefts.(p171)

rule
Pub. 584 is available to help you make a list of your stolen or damaged personal-use property and figure your loss. It includes schedules to help you figure the loss on your home, its contents, and your motor vehicles.
taxmap/pub17/p17-134.htm#en_us_publink1000173530

Business or investment-related losses.(p171)

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For information on a casualty or theft loss of business or income-producing property, see Pub. 547.

taxmap/pub17/p17-134.htm#TXMP0d9be6a9

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)

 976 Disaster Relief
Form (and Instructions)
 Schedule A (Form 1040): Itemized Deductions
 Schedule D (Form 1040): Capital Gains and Losses
 4684: Casualties and Thefts
taxmap/pub17/p17-134.htm#en_us_publink1000173531

Casualty(p171)

rule
A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual.
taxmap/pub17/p17-134.htm#en_us_publink1000173532

Deductible losses.(p171)

rule
Deductible casualty losses can result from a number of different causes, including the following.
taxmap/pub17/p17-134.htm#en_us_publink1000173535

Nondeductible losses.(p171)

rule
A casualty loss isn't deductible if the damage or destruction is caused by the following.
taxmap/pub17/p17-134.htm#en_us_publink1000173536
Family pet.(p172)
Loss of property due to damage by a family pet isn't deductible as a casualty loss unless the requirements discussed earlier under Casualty are met.
taxmap/pub17/p17-134.htm#en_us_publink1000173537

Example.(p172)

Your antique oriental rug was damaged by your new puppy before it was housebroken. Because the damage wasn't unexpected and unusual, the loss isn't deductible as a casualty loss.
taxmap/pub17/p17-134.htm#en_us_publink1000173538
Progressive deterioration.(p172)
Loss of property due to progressive deterioration isn't deductible as a casualty loss. This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. The following are examples of damage due to progressive deterioration.
taxmap/pub17/p17-134.htm#en_us_publink1000263070
Damage from corrosive drywall.(p172)
If you suffered property losses due to the effects of certain imported drywall installed in homes between 2001 and 2009, 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. For details, see Pub. 547.