Screen 4684PY - Prior Year Casualty and Theft Loss (1065)

General Information

Enter a description of the casualty or theft event. The application uses this description during proforma to determine how to collapse or remove events when there are more than four properties involved in the casualty or theft. This field is mandatory.
Enter the date of the casualty or theft. Only one date of casualty per occurrence is allowed. The date of casualty appears in a postponed gain statement if there is replacement property information.

Prior Year Casualty or Theft Information

The application determines the holding period of an asset based on the dates you enter. If you leave the date fields blank, the holding period defaults to short-term.
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