I was cut off one day. I swerved to avoid them and hit a pole. I was the only one in the car, and I had no injuries except for a little soreness for a day. No one else was hurt. Insurance covered all but $100 of my hospital trip when I went to get checked out just in case.
It was a total loss. I didn't have full coverage, so I didn't get any payment for the vehicle.
The only reason I'm asking is because the accident report is stopping me from filing free, and I don't want to waste $40 on buying the deluxe edition of Turbotax if I don't have to, considering my only form of income is my job.
Here's what's showing up.
Your return is reporting a net qualified disaster loss without itemizing deductions,
and that's just one of the reasons the IRS requires you to file Form 1040.
Free Edition only covers simple tax situations (1040EZ/1040A)
I'm not sure what losing a car has to do with taxes anyway. I just reported the accident because it asked, not because I was trying to get a deduction out of it.
