- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Are casualty losses from Hurricane Florence subject to the 10% AGI limitation?
I selected the button "This event is a federally declared disaster and has a FEMA declaration number" (DR-4393) but this results in no loss as it is less than 10% of my AGI. Should this instead be a qualified disaster subject to the $500 reduction (vs. $100) and no AGI limitation? If so, what button do we select for that - I only see one for a 2016 federally declared disaster. Are updates pending that would allow this or is the 10% AGI limitation correct?
Topics:
‎June 3, 2019
11:59 AM