What problem does it solve?
Drafts a complete Form 4684 casualty/theft loss for individuals and small businesses, ensuring correct handling of basis, FMV, insurance reimbursements, floors, and disaster declarations to produce a CPA-auditable draft.
Core Features & Use Cases
- Auto-generates Form 4684 Section A (personal-use) when a federally declared disaster applies, including FEMA disaster numbers.
- Supports Section B for business and income-producing property, including per-item calculations and Form 4797/Schedule A flow.
- Handles Section D disaster-year election decisions and cross-form implications to save time and reduce errors.
- Validates inputs against IRS rules, citing sources and linking to relevant public guidance.
Quick Start
Provide loss details for one or more items, including dates, basis, FMV before/after, and insurance, and the skill will output a draft Form 4684 ready for review.