☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Feb 10, 2019 12:43:28 AM

Qualified Disasters for 2018

Hello,

 

I am using TurboTax for 2018 and I want to know if I can deduct the cost or get a credit for damage that was done to my home during a Nor'easter in MD in March 2018. Insurance did not cover the entire cost. The governor declared a state of emergency.   I borrowed from 401K to pay for repairs and I am not 59 1/2. The only disasters are listed are disaster from 2017.  I am trying to avoid the tax penalty. Is there a salary limit? If so, what is it? Thanks.

0 3 1147
1 Best answer
Level 15
Feb 10, 2019 8:03:40 AM

I would trust TT to prompt you with questions if it was.....

3 Replies
Level 15
Feb 10, 2019 4:41:31 AM

 

was it a federally declared disaster? 

 

https://www.irs.gov/newsroom/tax-relief-in-disaster-situations

 

 

Level 2
Feb 10, 2019 7:28:24 AM

Thanks for the link.  Per the link, no.  It was declared a state emergency.  Will this count on the state return?  Thanks.

Level 15
Feb 10, 2019 8:03:40 AM

I would trust TT to prompt you with questions if it was.....