Screen 4684PY - Prior Year Business Casualty and Theft Loss (1041)

General Information

State
Enter the postal code for the activity’s income to be state source. If you leave this field blank, the activity’s income is not state source.

Business and Income Producing Properties

Gain reported on Form 4797, Part III
If there is a long-term gain, enter the information on the Sale Screen as well as on this screen and enter
X
in this field and in the
Disposition due to casualty / theft
field on the Sale Screen. If you enter
X
in this field, Form 4684, Section B, Part I completes, but does not display the gain on line 33.

Replacement Information

To calculate the deferred gain and generate a statement with Form 4684, enter replacement properties in the fields that correspond to the lost or damaged properties being replaced. If a property in the Business and Income Producing Properties section is not replaced, leave the corresponding fields in this section blank.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close