TT is like anything in... GIGO...its dependent on you answering the questions the right way...I can go into TT or any tax software and get the same result....still doesn't mean it's right.
Here is the issue...
Hurricane IDA was a Federally Declared Disaster...but it was not a Federally Declared Qualified Disaster....in order to be able to take Ida losses on top of the Standard Deduction it has to be a Qualified disaster, not just a Federally Declared one, which Ida was not.
Think of it like this....all Qualified disasters are Federally Declared but not all Federally Declared disasters are Qualified.
Senator Kennedy introduced a bill to Congress to elect Ida to be a Qualified disaster but the bill never made it out of committee.
If you look in TT, in the drop-down menu where you indicate the disaster loss, it gives you several options to indicate what type of disaster you are claiming....you have the one indicating it was qualified, which is not correct, and one of the next ones will say federally declared other than qualified, which is the one you should be checking.
