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Problem 5-19 Casualty and Theft Losses (LO 5.5) Leann Moon has an apartment full of antique furniture. A fire in the apartment destroys a large

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Problem 5-19 Casualty and Theft Losses (LO 5.5) Leann Moon has an apartment full of antique furniture. A fire in the apartment destroys a large part of her furnishings. The destroyed furnishings had a fair market value of $38,000, and Leann's original basis in the furnishings was $37,400. She recovers $16,500 from her insurance company, Leann's adjusted gross income for 2017 is $52,500. Use page 1 of Form 4684 to report Leann's loss. If an amount is "o", enter "0". Enter all amounts as positive numbers. Casualties and Thefts Fom 4684 Department of the Treasury Internal Revenue Service Go to www.irs.gov/Form4684 for instructions and the latest information. Attach to your tax return. Use a separate Form 4684 for each casualty or theft 2017 Attachment Sequence No. 26 Name(s) shown on tax return Leann Moon SECTION A-Personal Use Property (Use this section to report casualties and thefts of property not used in a trade or business or for income- producing purposes.) Identifying number 1 Description of properties (show type, location, and date acquired for each property), Use a separate line for each property lost or damaged from the same casuality or theft Property A Property Antique furniture, various Property Personal residence Property Properties

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