singh
Level 7
07-03-2020
04:16 PM
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My client is self-employed having security guard company under his name in California State.
His business uniforms, gun, badges etc. were stolen from his car. He has the police report as evidence.
Can he claim this theft as a loss? If so, where do I enter this theft loss on his Schedule C?
He will be using standard deduction instead of Itemise deduction.
In help is appreciated in advance.
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