Form 4684 – Casualty and Theft Loss on Property Used 100% for Business
Use Form 4684, Casualties and Thefts, Section B to report a casualty or theft loss on property used 100% for business. In TaxAct, enter the loss by following the steps below. Once entered, TaxAct will automatically carry the information to Form 4797 and then to Schedule 1 of Form 1040 as needed.
Online
Dashboard
- From within your TaxAct return, click Resources.
- On smaller devices, click the menu at the top left corner of your screen, then make your selection.
- Under My Return, click Federal Search.
- Click the Business Income drop-down, then click Casualty or theft loss from business property.
- Complete the rest of the interview process.
Classic
- From within your TaxAct return, click Federal.
- On smaller devices, click the menu at the top left corner of your screen, then make your selection.
- Click the Business Income drop-down, then click Casualty or theft loss from business property.
- Complete the rest of the interview process.
Desktop
- From within your TaxAct return, click Federal.
- Click the Business Income drop-down, then click Casualty or theft loss from business property.
- Complete the rest of the interview process.