Hi,
Good afternoon.
Regarding above two questions I just asked, I would like to add more finding for question 2).
I am reading "Instructions for Form 4684 (2022)" from IRS, It said"Safe harbor reporting requirements for Form 4684.If you use one of the safe harbor methods provided in Revenue Procedure 2018-08, you must attach a statement to Form 4684 stating that you used Revenue Procedure 2018-08 to determine the amount of your casualty loss. Include the specific safe harbor method used. When completing Form 4684, do not enter an amount on line 5 or line 6 for each property. Instead, enter the decrease in the FMV determined in the relevant safe harbor method on line 7."
It brought me two more questions:
1) This is no where to attach a statement to from 4684 in Turbotax Software.
2) Turbotax software still asked me to enter FMV before loss and FMV after loss, which it shouldn't ask, just provide me a place to enter $decrease in the FMV.
Please kindly help this.
Thank you very much.
https://www.irs.gov/instructions/i4684#en_US_2022_publink12998zd0e986
