If your loss is a Qualified Disaster Loss, you would enter the details in the Deductions and Credits section of TurboTax, under Casualties and Thefts.
You would need to check that This event qualifies as a Federally declared major qualified disaster loss when you describe the Casualty Event. enter your FEMA Disaster Code, the date and location of the disaster, the cost basis of the property and the fair market value of the property immediately before and after the disaster.
TurboTax will compute the deduction as an increased Standard deduction by the amount of the casualty loss, less $500.
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