You'll need to sign in or create an account to connect with an expert.
Important Note: Due to Tax Reform, the deduction for personal casualty or theft losses has been repealed in tax years 2018 – 2025, unless the loss occurred in a Federally-Declared Disaster Area.
If your loss did occur in the Federally-Declared Disaster Area, you will report it on Form 4684 – Theft and Casualty Losses. Use Form 4684 to figure your losses and report them on Form 1040, Schedule A.
The following TurboTax FAQ includes detailed instruction for reporting this loss on your return. https://ttlc.intuit.com/replies/3301959
Important Note: Due to Tax Reform, the deduction for personal casualty or theft losses has been repealed in tax years 2018 – 2025, unless the loss occurred in a Federally-Declared Disaster Area.
If your loss did occur in the Federally-Declared Disaster Area, you will report it on Form 4684 – Theft and Casualty Losses. Use Form 4684 to figure your losses and report them on Form 1040, Schedule A.
The following TurboTax FAQ includes detailed instruction for reporting this loss on your return. https://ttlc.intuit.com/replies/3301959
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
krichards22
Returning Member
tbduvall
Level 4
kevin19801980
Returning Member
amymartinez1978
New Member
tigre455
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.