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Deductions & credits
If it's a "qualified" Hurricane Harvey, Irma or Maria disaster, the subtraction is $500 and is not subject to the 10% of AGI rule. The amount of the loss on line 15 of Form 4684 goes to Schedule A line 28 and is added to the other itemized deductions, or to the standard deduction if that is larger, and from there to Form 1040 line 40.
‎June 6, 2019
12:32 PM