Deductions & credits


@kerryfromOK wrote:

The rules on this have changed for 2020 returns!!! Please see Turbotax or IRS information on temporary casualty losses; for 2020 the $100 amount if raised to $500 but you can deduct EVEN IF YOU DON'T ITEMIZE!!!!!!!!!

 

 


I think you need to carefully read the Form 4684, Casualties and Thefts (2020) instructions - https://www.irs.gov/forms-pubs/about-form-4684