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Los Angeles California Form 4684: What You Should Know
A California casualty is the loss of your personal property from an accident or natural disaster on which you are entitled to a deduction on your federal adjusted gross income. A California theft is the unauthorized loss of property from your private property under circumstances that demonstrateĀ the intent to deprive you of the use, benefit, or value of the property, and it would be a felony crime to do so. Examples of California crimes involving this category of theft would beĀ losing your house; destroying your vehicles; or stealing the contents of yourĀ garage. A California casualty is not a California theft when the property in question will have to be replaced regardless of whether you file a claim for the deduction. If this is not the case, refer to section A.5. See section 1226 of the California Insurance Code. You must file Form 4684 or attach it to your tax return as soon as possible but no later than your filing deadlines.
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