There is nothing to list on the tax return yet. If you answer the questions pertaining to Natural Disaster on the software, you will notice that it does not refer to the Covid-19.
Covid-19 has NOT been declared a federally designated natural disaster. However, IRS states that The COVID-19 pandemic is a “federally declared disaster,” as defined by section 165(i)(5)(A) of the Code.
On March 13, 2020, the President of the United States issued a Proclamation declaring a national emergency concerning the Novel Coronavirus Disease (COVID-19) outbreak, stating that the ongoing COVID-19 pandemic warrants an emergency determination under section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121 – 5207. A “qualified disaster relief payment” is defined by section 139(b) of the Code to include any amount paid to or for the benefit of an individual to reimburse or pay reasonable and necessary personal, family, living, or funeral expenses incurred as a result of a qualified disaster. Qualified disaster relief payments do not include income replacements such as sick leave or other paid time off paid by an employer.
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