CE/CPE Course Information

Deducting Casualty and Theft Losses

CPE Credits: 3
Subject Area: Taxation
Field of Study: Taxes
Program Level: Overview
Lesson Version: 2016
Publication/Revision Date: August 25, 2016
Prerequisites/Advanced Preparation: None
Written By: James R. Hasselback, Ph.D.

    After completing this course, you will be able to
  • Identify events that qualify as a casualty loss
  • Calculate the amount of a casualty or theft loss realized
  • Answer technical questions about casualty and theft losses
  • Calculate deductible casualty or theft losses
  • Calculate gains on casualties and thefts
  • Identify aspects of presidentially declared disaster areas
Course Topics
  1. Qualifying Events
  2. Qualifying Property
  3. Calculating the Realized Loss
  4. Calculating the Deductible Loss
  5. Casualty Gains and Deferrals
  6. Disaster Areas

This self-study course consists of an Audiovisual presentation, a 15-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 15 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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