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If I want to claim casualty loss, can I use the free edition or do I have to go with Deluxe?
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June 4, 2019
12:45 PM
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Get your taxes done using TurboTax
If it's a personal casualty you will need TurboTax Deluxe or higher to claim a theft and casualty loss. You will be required to itemize deductions (on Schedule A) in order to claim this deduction.
Note: You can only deduct the portion of the loss that was not reimbursed by insurance.
If it's a business loss then you will need TurboTax Self-Employed.
June 4, 2019
12:45 PM