I had property loss during the flood in Burnet County Texas in 2018. It has been declared a disaster by the president. How can I get to the loss section on my tax form
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I had property loss during the flood in Burnet County Texas in 2018. It has been declared a disaster by the president. How can I get to the loss section on my tax form

 
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I had property loss during the flood in Burnet County Texas in 2018. It has been declared a disaster by the president. How can I get to the loss section on my tax form

I'm sorry about your loss from the flood!

You can report the casualty loss on your tax return by following these steps:

  1. Click on Federal > Deductions & Credits.
  2. In the Other Deductions and Credits section, click on the Start/Revisit box next to Disasters, theft, and other property loss or damage.  If you've started entering some casualty/theft information, you will see a screen Casualty and Theft Summary.  
  3. Click on the Add a Casualty or Theft link to add another event.  You can also edit or delete your previous entry. 
  4. If you haven't entered any casualty information yet you will see the screen, Did you have anything damaged or stolen in 2018?   Click the Yes box.
  5. On the Losses From Fraudulent Investments screen click on the No box.
  6. On the Casualty or Theft Event screen, enter the requested information and mark the appropriate box--Personal or Income-Producing Property.
  7. On the next screen, Personal [or Business] Property-Information, enter the information about the loss, including the insurance reimbursement.

For additional help please see these FAQs:

I live in a federally declared disaster area, what does that mean for my taxes? 

What if I've been affected by a natural disaster?  


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