Screen KY4684PY - Kentucky Prior Year Business Casualty and Theft Loss (1040)

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Overview

Use this screen to complete Section B, Business and Income-Producing Property, of federal Form 4684, Casualties and Thefts, with Kentucky amounts. Amounts that appear in the
KY4684PY
screen are proforma’d from the prior year or automatically transferred from the federal
4684PY
screen. It's important that you report any state-related law differences and details in the
KY4684PY
screen.
Each asset will need to be in the same column on this screen as on the corresponding federal Screen 4684PY to preserve the federal-to-state transfer of current year replacement data. Because some assets may have resulted in a federal deferred gain and a state loss (or gain not deferred), some columns on this screen may be blank.

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