marginflores
Level 1
12-07-2019
05:04 AM
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My client was a victim of robbery and lost $8,408.64 from his business account. Where do I report that on Sch. C?
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TaxGuyBill
Level 15
12-07-2019
05:04 AM
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You don't put it on Schedule C.
A "Theft Loss" goes on Form 4684, which will then flow to Line 14 of Form 4797.
