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Level 1
posted Apr 14, 2025 7:56:18 AM

Clarification to my previous post.

I did reduce my Casualty Loss by the Insurance reimbursement, so it was #135,000 - $64,000 = $71,000.

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1 Replies
Expert Alumni
Apr 14, 2025 8:45:14 AM

Thank you for the clarification, but what was the original question?

If it was how to enter a Casualty Loss?

 Select Tax Tools

  • You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar.
  • You will then clearly see Tax Tools
  • Click the arrow to up to see additional options
  1. Once you can work on Tax Tools
  2. On the drop-down select Tools
  3. There will be 3 or 4 green boxes
  4. Select Topics Search
  5. Type Casualty [GO]
  6. You will see Did you have anything damaged or stolen during a recent federal disaster?

A disaster can be one of the hardest things to go through. We'll help you claim any personal losses or losses on business property due to:

  1. Continue through the interview.