Tax Information for Victims of California Wildfires and Other Disasters
  • Home
  • Latest News
Select Page

How do I report the Casualty on My Tax Return?

Mar 13, 2018 | Disaster Loss Deduction

How do I report the Casualty on My Tax Return? For tax purposes, we must first determine if we have a gain or a loss. From a high level, a gain or loss is calculated by taking the insurance proceeds less your cost basis in the property. Let’s say you purchased...

Categories

  • Casualty Gain
  • Casualty Loss Deduction
  • CDTFA
  • Disaster Loss Deduction
  • Disaster Relief
  • EDD
  • Employer Credits
  • Exclusion of Taxable Gain
  • Federal Disaster Declaration
  • Filing Deadline
  • Franchise Tax Board
  • Insurance
  • IRS
  • Payroll tax
  • Property Tax
  • Retirement Funds
  • Sales Tax
  • SBOE
  • Uncategorized
  • Unemployment Insurance

Archives

  • February 2021
  • January 2021
  • October 2020
  • September 2020
  • August 2020
  • November 2019
  • October 2019
  • December 2018
  • November 2018
  • August 2018
  • July 2018
  • March 2018
  • January 2018
  • November 2017
  • October 2017

Topics

business records business return extension Form 4506 personal return quarterly estimated tax records vehicles
© 2017-2021 North Bay Chapter CSEA | All Rights Reserved