@charlesray wrote:
Thanks for the response. However, both the 2022 and 2023 Premier desktop versions have the "Qualified" button calculations already built in .
Are you talking about a casualty loss deduction or a qualified disaster for purposes of an IRA withdrawal? The SECURE Act 2.0 created some new options for withdrawing money from retirement plans to deal with "qualified" disasters. This is currently included in Turbotax.
https://www.irs.gov/newsroom/disaster-relief-frequent-asked-questions-retirement-plans-and-iras-unde...
That is completely different than the Disaster Relief Act of 2024, which changes how casualty losses are deducted using form 4684. This is not included in Turbotax or in the official IRS forms and instructions.
https://www.irs.gov/taxtopics/tc515
