According to IRS Tax Topic 515, if your casualty loss exceeds your income for the tax year, you have a Net Operating Loss Carryover. You don't need to be in business to have an NOL from a casualty.
In TurboTax, this carryover is reported under Business Situations, as AbrahamT described above. Use one of the "jump to" shortcuts below to go to "NOL."
The easiest way to find any section of TurboTax for Desktop is to open your return and use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in the topic you need, hit Enter, and click the "jump to" link to go directly to beginning of that topic.
In TurboTax Online, go to Tax Tools in the left column >> Tools >> Topic Search. Type in your topic, then click the topic in the list and then GO to go directly to the start of that section.
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