This article will help understand how to generate Form 4684, Casualties and Thefts, and how to report a casualty or theft, in Intuit ProConnect.
Follow these steps to enter a casualty or theft on the Depreciation screen:
- Go to the Input Return tab.
- From the left of the screen, select Deductions and choose Depreciation.
- Click the blue Details button to expand the input screen.
- From the top of the screen, select Disposition.
- Locate the Casualty or Theft (4684) section.
- Enter the following fields:
- Description (fire, robbery, etc.)
- Blank=trade or business, 1=income producing
- Fair market value before casualty or theft
- Fair market value after casualty or theft
- Insurance or other reimbursement
- For multiple personal casualty events, enter additional casualty number (ie. 2=2nd, 3=3rd)
- Leave this field blank for the first casualty.
- ProConnect uses this entry to calculate Form 4684, lines 1-12 for each casualty.
Follow these steps to enter a casualty or theft on the Dispositions screen:
- Go to the Input Return tab.
- From the left of the screen, select Income and choose Dispositions (Sch D, etc.).
- Select Schedule D/4797/etc.
- Click the blue Details button to expand the input screen.
- Under the Dispositions (Schedule D, 4797, etc.) section, enter the following fields:
- Description of property
- Date acquired (negative date=various)
- Date sold (negative date=various)
- This will be the date the casualty or theft occurred on.
- Cost or other basis (do not reduce by depreciation)
- From the top of the screen, select 4684, 6781, 8824, 4255.
- Locate the Casualties and Thefts (4684) section.
- Enter the following fields:
- Description (fire, robbery, etc.)
- 1=personal, 2=business, 3=income, 4=employee
- Fair market value before casualty or theft
- Fair market value after casualty or theft
- Insurance or other reimbursement
- For multiple personal casualty events, enter additional casualty number (ie. 2=2nd, 3=3rd)
- Leave this field blank for the first casualty.
- ProConnect uses this entry to calculate Form 4684, lines 1–12 for each casualty.