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Victims of TX winter storm - If you review if anything was damaged it only says for "2020". Per IRS website you can deduct uninsured damage in 2021 too. Is a fix needed?
IRS website "Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred (in this instance, the 2021 return normally filed next year), or the return for the prior year. This means that taxpayers can, if they choose, claim these losses on the 2020 return they are filling out this tax season."
Does Turbo tax need to update their software?
Does Turbo tax need to update their software?
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‎February 24, 2021
9:24 AM