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New Member
posted Oct 30, 2019 5:18:42 AM

I had a business laptop stolen this year, and a replacement was covered through insurance. There was a $1,000 deductible, and I'm not sure how I should report this

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1 Best answer
Level 2
Oct 30, 2019 5:18:43 AM

Show the old laptop as a disposal for the either the original cost or the proceeds from the insurance, whichever is lower.  Show the new laptop as an addition at the full purchase price.

1 Replies
Level 2
Oct 30, 2019 5:18:43 AM

Show the old laptop as a disposal for the either the original cost or the proceeds from the insurance, whichever is lower.  Show the new laptop as an addition at the full purchase price.