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Business & farm
You may need to recalculate your casualty/theft loss deduction shown on your federal form 4684 for Iowa purposes. Iowa does not conform to federal policy for Cares 2019 or 2020. See Deduction | Iowa Department Of Revenue.
They have not updated their official website specific to the section on Iowa Nonconformity: Taxpayer Certainty and Disaster Tax Relief Act of 2019.
You may want to contact the Iowa (IA) state department for advice.
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March 5, 2021
2:34 PM
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