Duluth/Gwinnett CPA advises Gwinnett Taxpayers on Appraisal Fees and Casualty & Theft Losses
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.
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