Used Cost Index Safe Harbor method to determine decrease in FMV due to Harvey IRS instructions require statement of method/table used How do I include this in Turbo Tax?

Forum|Forum|7 years ago
June 5, 2019
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TurboTax Premier Online

Best answer by CarolC

You cannot e-file and include the statement using the TurboTax Online version. You will need to mail in your tax return. However, you can e-file and include the statement using the TurboTax Deluxe desktop version. To do so, view the return in Forms Mode. Select the Open Form button at the top. Then type Blank in the search bar. A blank form will generate and your statement can be written there.

The attached statement must state the specific Revenue Procedure you used to determine the amount of your casualty loss. Click this IRS link Instructions for Form 4684 for specific details on what to include in your statement. Scroll down to page 5.

You must include a statement with Form 4684, Casualties and Thefts, to use one of the IRS allowed Safe Harbor Methods for "determining the amount of your casualty and theft losses for your home and personal belongings."

C

CarolCAnswer

Level 7

You cannot e-file and include the statement using the TurboTax Online version. You will need to mail in your tax return. However, you can e-file and include the statement using the TurboTax Deluxe desktop version. To do so, view the return in Forms Mode. Select the Open Form button at the top. Then type Blank in the search bar. A blank form will generate and your statement can be written there.

The attached statement must state the specific Revenue Procedure you used to determine the amount of your casualty loss. Click this IRS link Instructions for Form 4684 for specific details on what to include in your statement. Scroll down to page 5.

You must include a statement with Form 4684, Casualties and Thefts, to use one of the IRS allowed Safe Harbor Methods for "determining the amount of your casualty and theft losses for your home and personal belongings."

B

bforrestmazella

Level 2

The IRS instructions say to leave Form 4684 lines 5 and 6 blank and then put the safe harbor calculation into line 7. The software will not allow me to do that, even if I go directly to the form 4684 instead of using the questions and answers or the worksheet. How can I get the program to allow me to fill in line 7 without lines 5 and 6?