EleanoreS
Employee Tax Expert

Get your taxes done using TurboTax

Good day nola2,

I am sorry to hear about the loss of your home in a wildfire in 2021.

It is difficult to determine why your refund was reduced without looking at your return but here are a few possibilities: 

  • The insurance reimbursement exceeded the basis of the home
  • The correct amount of tax previously paid and or  refunded was not accurately entered on the Form 1040X

I would suggest carefully reviewing your entries on Forms 4684 and 1040X.  

Here is an article with information about claiming a disaster loss that you may find helpful.

 

Thank you for reaching out to TurboTax Community.

 

 

 

 

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