I have prepared my tax return using Home & Business and it looks like the system automatically selected standard deduction for me. I answered the question that yes I was impacted by a natural disaster....however, it gives me no options to enter my expenses from that. How can I claim that loss which is more that the standard deduction on my taxes.
I know the form is 4684 and Schedule A, line 16...but how do I get to these forms if turbo tax has determined I don't need them.
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Personal casualty and theft losses of an individual sustained in a tax year beginning after 2017 are deductible only to the extent they're attributable to a federally declared disaster. The loss deduction is subject to the $100 per casualty and 10% of your adjusted gross income (AGI) limitations.
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