Designating an asset as a casualty / theft - replacement or no replacement

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Casualty / Theft - No Replacement

Use this method when the asset has been totally destroyed or stolen and no replacement asset will be purchased, or the asset was partially destroyed. The disposal information transfers to the UltraTax CS 4684 input screen.

Casualty / Theft - Replacement

Use this method when the asset has been totally destroyed or stolen and replaced with a similar asset, or when replacement property was received as reimbursement. The disposal information transfers to the UltraTax CS 4684 input screen.

Replacement property should be:

See IRS Publication 547 for more information.

Related topics

Entering disposal information

Disposal methods

Share This