I'm unable to complete my taxes for 2025 in Turbo Tax because form 4684 is incomplete. I'm asked to fill out page 3, but there is no page 3 in the form. Please advise when Turbotax will update the software to complete the full form.
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You can check for forms availability using this link click here. Make sure to update your TurboTax program if you are using a TurboTax desktop program.
If you are using TurboTax Online, the program updates for new tax laws and other features automatically in your web browser. You do not have to manually update like in TurboTax desktop software.
If you are using TurboTax Desktop, you can manually check for updates for your TurboTax program by clicking on "Online" in the black bar near the top of your screen and selecting "Check for Updates."
Form 4684 is used to report gains and losses from casualties and thefts in TurboTax.
You can enter these losses in your TurboTax program as follows:
Your TurboTax program must be updated for full functionality of the form when it is available.
Click here for About Casualty Deduction for Federal Income Tax
Please return to Community if you have any additional information or questions and we would be happy to help.
Form 4684 doesn't currently work in Turbotax specifically for ponzi scheme theft. In the casualties and theft section under deductions, I enter my event details, date, and under property type, I selected "income producing property". The next page asks "Passive activity", and I selected "Yes, this is a Ponzi scheme loss." The next page I enter the details of the loss. The next page asks for additional property details, and I checked "I owned this item for investment purposes (e.g., stock or artwork)." Once I completed my taxes, under the smart check, It keeps given errors for the property description. If I enter a property description, the there is an error that says that I need to remove the description. If I leave it blank, I get an error stating that I need to fill the property description.
Was this a Ponzi-type scheme or a theft of investment property?
Ponzi losses go to section C, but other scams that are theft under state law of investment property go to section B.
see this IRS memo
https://www.irs.gov/pub/irs-wd/202511015.pdf
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