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I had property loss during the flood in Burnet County Texas in 2018. It has been declared a disaster by the president. How can I get to the loss section on my tax form
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June 1, 2019
8:46 AM
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Deductions & credits
I'm sorry about your loss from the flood!
You can report the casualty loss on your tax return by following these steps:
- Click on Federal > Deductions & Credits.
- In the Other Deductions and Credits section, click on the Start/Revisit box next to Disasters, theft, and other property loss or damage. If you've started entering some casualty/theft information, you will see a screen Casualty and Theft Summary.
- Click on the Add a Casualty or Theft link to add another event. You can also edit or delete your previous entry.
- If you haven't entered any casualty information yet you will see the screen, Did you have anything damaged or stolen in 2018? Click the Yes box.
- On the Losses From Fraudulent Investments screen click on the No box.
- On the Casualty or Theft Event screen, enter the requested information and mark the appropriate box--Personal or Income-Producing Property.
- On the next screen, Personal [or Business] Property-Information, enter the information about the loss, including the insurance reimbursement.
For additional help please see these FAQs:
I live in a federally declared disaster area, what does that mean for my taxes?What if I've been affected by a natural disaster?
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June 1, 2019
8:46 AM