What document must be provided to support a claim for casualty loss?

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To support a claim for casualty loss, Form 4684 is required. This specific form is designed to detail the casualty and theft losses for tax purposes. It asks for critical information such as the type of property affected, the date of the event causing the loss, and the amount of the loss, which all must be provided to substantiate the claim. Filing this form with your tax return ensures that the IRS has the necessary documentation to verify your casualty loss, facilitating the processing of any deductions you are claiming for the loss.

While other documents, like a bank statement showing damages or a homeowner's insurance policy, may provide some supporting information, they do not fulfill the specific requirement for income tax purposes laid out by the IRS. A rental agreement for the property is also unrelated to documenting a casualty loss. Therefore, Form 4684 is essential for properly reporting and supporting any claims for casualty losses on your tax return.

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