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After you file
TurboTax has to wait on the federal forms to be updated. We know the retroactive law will be using the same as 2020 instructions that show to increase the standard deduction by the allowed loss. You need to file 1040x, 4684 and any other forms affected by the change due to increased deduction. If you are using the desktop software, you can make changes in the Forms mode.
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‎January 24, 2025
9:19 AM