Irs publication 547 2026

Publication 547 provides guidance on the tax treatment of casualties, disasters, and thefts for individuals preparing their tax returns. It outlines definitions of casualty and theft losses, explains how to calculate these losses, and details the reporting requirements. The publication emphasizes that personal-use property losses are only deductible if they are attributable to federally declared disasters, with specific deduction limits such as the $100 rule and the 10% of adjusted gross income rule. It also discusses special provisions for disaster area losses, including qualified disaster losses and the process for claiming deductions in preceding tax years. Additionally, it offers information on how to report gains from reimbursements and provides resources for taxpayers seeking assistance.