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New Member
posted Jun 4, 2019 12:45:34 PM

If I want to claim casualty loss, can I use the free edition or do I have to go with Deluxe?

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1 Replies
Intuit Alumni
Jun 4, 2019 12:45:36 PM

If it's a personal casualty you will need TurboTax Deluxe or higher to claim a theft and casualty loss. You will be required to itemize deductions (on Schedule A) in order to claim this deduction. 

Note: You can only deduct the portion of the loss that was not reimbursed by insurance.

If it's a business loss then you will need TurboTax Self-Employed.