HR 5863
- TT is scheduled to update for tax year 2024 form 4684 to accommodate HR5863 (passed into law by former president Biden) on 2/20/25. This will allow unreimbursed losses to be added on top of the normal standard deduction. My question is: what about prior-year losses incurred (for Hurricane Ian, for example). Will TT update prior-year TT software to do the same thing if filing an amended return?
‎January 27, 2025
10:12 AM
