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This answer is from Tax Prep: Must I separately list items on a Form 4684 for a fire

Kelly Phillips Erb
FiLife Contributor
7 months ago

I would use reasonable judgment. No, you mustn't list every book - but you shouldn't write "Personal Items $5000" either. Group like things together, such as "Books $250", etc. Remember that you must be able to prove ownership (and cost) of items to make the claim, so you don't want to be so broad as to make that complicated - nor so specific that it's impossible to get through the form. Use sensible categories, breaking out any individual piece that has a significant value.

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