Appraisal Fees and Casualty & Theft Losses
Duluth/Gwinnett CPA advises Gwinnett Taxpayers on Appraisal Fees and Casualty & Theft Losses
Appraisal Fees
Appraisal fees can be deducted if they are paid to figure and determine a casualty loss or for the fair market value of donated property to a charity.
Casualty and Theft Losses
Casualty and theft losses can be deducted up to the 2% limit if the property that was damaged or stolen was used in your job as an employee. Losses should be reported in Section B of From 4684. To find the deduction, add all the casualty or theft losses from the property and include it in the return form. More information on Casualty and Theft Losses can be found in Publication 547.
It is time to upgrade your CPA firms tax services today? John Dillard CPA…An Award Winning CPA. To read more about our qualifications, experience and talents see http://www.hiscpa.com/about_us.htm
www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Alpharetta as an Award Winning CPA