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Line A3. Insurance or other reimbursement 0
Line A5. Fair market value before casualty or theft 1,500
Line A6. Fair market value after casualty or theft0
Line A7. Subtract line 6 from line 5 1,500
Line A8. Enter the smaller of line 2 or line 71,500
Line A9. Subtract line 3 from line 8 1,500
Property Description Electronics
Line A2. Cost or other basis of each property$9,200
Line A3. Insurance or other reimbursement 0
Line A5. Fair market value before casualty or theft 7,500
Line A6. Fair market value after casualty or theft0
Line A7. Subtract line 6 from line 5 7,500
Line A8. Enter the smaller of line 2 or line 77,500
Line A9. Subtract line 3 from line 8 7,500
Line A10D. Casualty or theft loss 22,850
Line A11D. The smaller of line 10 or $100 100
Line A12D. Subtract line 11 from line 10 22,750
Line A13D. Add the amounts on line 12 of all
Forms 4684 22,750
Line A14D. Add the amounts on line 4 of all
Forms 4684 0
Line A16D. If line 14 is less than line 13, enter
the difference 22,750
Line A17D. Enter 10% of your adjusted gross income
from Form 1040, line 37 3,682
Line A18D. Total personal property loss amount $19,068
Petitioner attached to her return a schedule for each
category. Each schedule contained the following information:
(1) A description of each item purportedly lost; (2) the quantity
of each item purportedly lost; (3) the number of years prior to
the loss that petitioner purportedly acquired each item of
property; (4) the cost or other basis of each item of property;
(5) the fair market value of each item of property before the
casualty; and (6) the fair market value of the property following
the casualty.
The schedules reflected in pertinent part as follows:
Schedule - Clothing 01-01-01 (Women’s clothing)
Item No. of Date Cost or FMV before FMV after
items acquired1 other basis2 casualty casualty
Blouses 13 $30.00 $390.00 $0
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Last modified: May 25, 2011