AmyC
Expert Alumni

Deductions & credits

Waived question -If you are using the sch A, for a loss, there is normally 10% of your income deducted before claiming the loss.

 

The disaster is reported on Form 4684 based on Pub 547, which links to Hurricane Ian as qualified. It is reported either on sch A and flows to the 1040 or it can be reported on the 1040 (page 31, 33) directly as:

Exception 4—Increased standard deduction for net qualified disaster loss.

 

It could be that you are itemizing with the casualty and it is more than the standard deduction plus the loss. Be sure you have the qualified disaster information entered - date, disaster id, etc. See FL-2022-19, IRS announces tax relief for victims of Hurricane Ian in Florida.

 

You need to look at the actual forms and see what is listed where and how. 

 

Once you determine what is happening vs how your forms should look, let us know if you need additional help.

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