AmyC
Expert Alumni

Deductions & credits

1. The loss may be added to the standard deduction or to itemized. Once the federal and state governments are complete and ready, we will be updated and ready. Please check forms availability here.

 

2. The IRS says you should not file a return you know is inaccurate. Therefore, you really should wait.

 

Topic 515 is great for helping to file the casualty loss.

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