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New Member
posted Jun 6, 2019 10:27:12 AM

I am using the "Insurance Safe Harbor Method" for establishing my loss for line 7 of Form 4684. Your template incorreclty forced me to use lines 5 and 6 to do this. Why?

Using your filing options, how will I be able to include the required "statement of use of Revenue Procedure 2018-08" with my return?

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1 Best answer
Level 6
Jun 6, 2019 10:27:14 AM

You cannot use the Safe Harbor election in the TurboTax Online version.  You can use the desktop version and perform an override (Deluxe, Premier, Home & Business) as IRS Form 4684, Casualties and Thefts instructions say to leave Lines 5 and 6 blank when electing to use the Safe Harbor Election for deducting your hurricane loss.  Your tax return will need to be mailed in.

Follow the steps in the TurboTax FAQ below for steps on performing an override.  Click the blue instructions hyperlink. Click "See entire answer" for the full page view.

To include the required statement using a TurboTax desktop version, 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.

https://ttlc.intuit.com/replies/3299946

3 Replies
Level 6
Jun 6, 2019 10:27:14 AM

You cannot use the Safe Harbor election in the TurboTax Online version.  You can use the desktop version and perform an override (Deluxe, Premier, Home & Business) as IRS Form 4684, Casualties and Thefts instructions say to leave Lines 5 and 6 blank when electing to use the Safe Harbor Election for deducting your hurricane loss.  Your tax return will need to be mailed in.

Follow the steps in the TurboTax FAQ below for steps on performing an override.  Click the blue instructions hyperlink. Click "See entire answer" for the full page view.

To include the required statement using a TurboTax desktop version, 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.

https://ttlc.intuit.com/replies/3299946

New Member
Jun 6, 2019 10:27:15 AM

Will all the information I have put in the online version transfer to the desktop version?

Level 6
Jun 6, 2019 10:27:17 AM

@ldwickterjr Yes, but you first need to save the Online return as a data file.  Follow the steps in this TurboTax FAQ link <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3302260">https://ttlc.intuit.com/replies/3302260</a>