@charlesray wrote:
The only change I am wanting to do is on Form 4684, changing the check box from Line 4f to Line 4e. This changes line 11 on the 4684 to $500 and allows line 15 to be put into line 16 of Schedule A instead of doing the 10% calculation of 4684 line 17.
Here's the problem I am seeing. According to the IRS instructions for the 2023 form 4684, nothing that happened after Feb 25, 2021 is a "qualified disaster" under the terms of the law that created the special calculation. It should really be impossible to claim any qualified loss on a 2023 tax return, but the IRS seems to have left the calculation in "just in case."
That means it will be much simpler for the IRS to reprogram their computers. But reprogramming is still needed, because you must enter the FEMA number of the disaster on the top of the form 4684, and the IRS has to at least re-program their computers to accept additional disaster numbers through 2024. The draft version of the 2024 instructions retains the 2021 date and does not recognize the changes due to the 2024 Disaster Relief Act.
So, while you can generate a return with the correct calculation, there is no guarantee that it will be processed correctly by the IRS, since you have to include the disaster number. It's up to you if you want to try it, or wait for guidance from the IRS as to when they will be ready.
