Clarification to my previous post.

jhmagill1 — Mon, 14 Apr 2025 14:56:18 GMT

I did reduce my Casualty Loss by the Insurance reimbursement, so it was #135,000 - $64,000 = $71,000.

Re: Clarification to my previous post.

JohnB5677 — Mon, 14 Apr 2025 15:45:14 GMT

Thank you for the clarification, but what was the original question?

If it was how to enter a Casualty Loss?

Select Tax Tools

You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar.
You will then clearly see Tax Tools
Click the arrow to up to see additional options

Once you can work on Tax Tools
On the drop-down select Tools
There will be 3 or 4 green boxes
Select Topics Search
Type Casualty [GO]
You will see Did you have anything damaged or stolen during a recent federal disaster?

A disaster can be one of the hardest things to go through. We'll help you claim any personal losses or losses on business property due to: