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Casualty Loss Deduction for Federally Declared Disaster Areas On-Demand Webinar

Summary

Although the Tax Cut and Jobs Act of 2017 eliminated personal casualty loss deductions for the years 2018-2025, business casualty losses and personal losses within federally declared disaster areas are deductible. With recent wildfires, hurricanes and other natural disasters, taxpayers may deduct those losses if they have not been reimbursed by insurance or otherwise. This webinar will walk through the steps of reporting the loss on Form 4684, Casualties and Thefts.

Objectives

Upon completion of this course, you will be able to:

  • Determine whether or not a casualty loss is allowed
  • Distinguish the year a casualty loss may be claimed
  • Analyze casualty loss limitations
  • Complete Form 4684, Casualties and Thefts

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.






   

Presented by: Kathryn Morgan, EA

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