If you were in a federally declared disaster zone then you would take the following steps to enter your deductibles.
- Federal
- Deductions and Credits
- Show More next to Other Deductions
- Start next to Casualties and Thefts
- Enter the Description, Date and Property Type
- When you select Personal property, you will need to select the special tax treatment.
- When you click next you will need to enter the FEMA disaster code.
- Continue through the entries
Since your deductibles totaled $6,000, you would only be able take a deduction if your income was $60,000 or less and only for the amount that exceeds 10% of your income. Ex. If your income is $50,000, then you would only be able to take a $1,000 deduction towards your Itemized Deductions. ($6,000-(10% x $50,000)). The other $5,000 is not deductible.
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