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Revenue Procedure 20 Internal Revenue Service Form

Revenue Procedure 20 Internal Revenue Service Form

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vehicle we'll be going over IRS form 4684 casualties and thefts so there are four sections to this form we'll go through each of them briefly it's a four page tax form so you depending on your circumstances you might not use every section in this form so we're going to go through all of this step by step but first there's section A which refers to personal use property for most taxpayers this is probably what you're most familiar with if you've ever itemized tax deductions on schedule a of your personal income tax return so we'll come back to this momentarily on page two there's section B this is for business income producing property so business related casualties or theft and there are two parts to section B there's part one where you calculate the amount of casualty or theft capital gain or loss for a property and then part two where you're summarize everything into either short term or capital i

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