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Deductions & credits
Yea.
To report the Casualty or Event in TurboTax Online, please do the following:
- Sign into your Online account
- Click the blue button that says "Take me to my return."
- Click Federal on the left-hand side panel.
- Click on Deductions & Credits at the top of the page.
- Scroll down and click on "more deductions"
- Click "See list of all tax deductions"
- Scroll down to Other Deductions, click Show More, next, check the No box to answer: Did you have anything stolen or damaged in 2017?
Affected taxpayers in a Presidential Disaster Area have the option of claiming disaster-related casualty losses on their federal income tax return. This will allow you to take the Casualty and Theft Deduction. This deduction covers property that’s damaged as a result of a disaster, such as a storm, flood, fire, car accident, or similar event, and also covers stolen property. Property includes anything you own.
When you report the damages in the TurboTax program, there will be a description box where you can enter the notation.
June 4, 2019
12:08 PM