I entered, $310, TT seemed to change that to $210 in the "Other Deductions & Credits" section of the "2017 Deductions & Credits" review in TT.
The information below is accurate for your 2017 taxes, the one that you file this year by the April 2018 deadline, including a few retroactive changes due to the passing of tax reform. Some tax information below will change next year for your 2018 taxes, but won’t impact you this year. Learn more about tax reform here.
For the Casualty Loss and Theft Deduction, the IRS tax calculation subtracts $100 from each casualty loss of personal property. Also:
In TurboTax, jump to the entry area for casualty loss:
Additional information:
[Edited 3-10-2020|12:16 pm PST]
The information below is accurate for your 2017 taxes, the one that you file this year by the April 2018 deadline, including a few retroactive changes due to the passing of tax reform. Some tax information below will change next year for your 2018 taxes, but won’t impact you this year. Learn more about tax reform here.
For the Casualty Loss and Theft Deduction, the IRS tax calculation subtracts $100 from each casualty loss of personal property. Also:
In TurboTax, jump to the entry area for casualty loss:
Additional information:
[Edited 3-10-2020|12:16 pm PST]