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Casualty/Theft Loss - Form 4684 · Itemized Deductions Menu · Casualty/Theft Loss (4684) · Select New, enter a description of the casualty or theft, date of the? Information about Form 4684 and its separate instructions is at irs.gov/form4684. ? Attach to your tax return. ? Use a separate Form 4684 for each Form 4684 - Casualty and Theft Losses · From within your TaxAct return (Online or Desktop), click Federal. · Click Itemized or Standard Deductions in the Federal Go to irs.gov/Form4684 for instructions and the latest information. ? Attach to your tax return. ? Use a separate Form 4684 for each casualty or theft To elect to deduct the loss as a casualty loss, complete Form 4684 as follows: On line 1, enter the name of the financial institution and "Insolvent Financial Learn more about IRS Form 4684 with detailed instructions from the tax experts at H&R Block. Find out if you qualify for a theft or casualty loss deduction.