Read page 2 of 4684 instructions (https://www.irs.gov/pub/irs-pdf/i4684.pdf) Turbo tax has not updated yet to take this into account for those of us taking losses for the hurricane.
Form 4684 for tax year 2017 has not yet been finalized in the TurboTax software. The IRS has to approve all forms and schedules included in the software before they can be finalized. The current date for Form 4684 is 01/25/2018.
See this TurboTax support FAQ for IRS forms availability - https://ttlc.intuit.com/questions/1908854-irs-forms-availability-table-for-turbotax-individual-perso...
Today is 1/27/17 and program has not been updated for this form.
The date for Form 4684 to be finalized has changed to 01/31/2018. See this TurboTax support FAQ for IRS forms availability - <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1908854-irs-forms-availability-table-for-turbotax-individual-personal-tax-products">https://ttlc.intuit.com/questions/1908854-irs-forms-availability-table-for-turbotax-individual-personal-tax-products</a>
The dates keep changing, it showed 2/5 on friday so they are working on it but with all the changes things are still fluid.
I am attempting to amend my 2016 return and turbotax is not using the new form.
Today is 2/20/18 and the casualty loss is not showing as a deduction on my return - shows as $0 - Hurricane Harvey.
keb94125 - Be sure you are following this answer but select the disaster that applies to you:
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/6679901">https://ttlc.intuit.com/replies/6679901</a>
The qualified disaster loss is on line 15 of Form 4684 (the last copy) and from there it goes to Schedule A line 28 where it's added in with your other itemized deductions or added to your standard deduction, whichever is larger, and from there to Form 1040 line 40.
The revised form is, and has been out for some time. Turbotax however has not updated the software to reflect.
3.24.20018 and still waiting for this to be completed....
I called Turbo Tax support and they told me Form 4684 would not be updated on the amend 2016 software.
When is Form 4689 going to be available on Turbo Tax? It's 1/29/2020 now.
It means you have a form in your return that is not yet ready to be filed ... click on the REVIEW tab to see what it is and when it is estimated to be ready ...
IRS Forms Availability Table for TurboTax Individual (Personal) Tax Products
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State Forms Availability Table for TurboTax Individual (Personal) Tax Products