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I have ProSeries Basic. Why does answer 4e on the Form 4684 worksheet not generate the $500 deduction on line 11 of Form 4684, page 1? According the the FEMA representative, ours would be a "qualified disaster loss."
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Seems like it takes an extra long time for ProSeries to update the 4684 for these federal disaster areas, that being said, I have no clue what to tell you for an ETA on this. Can you clarify which disaster youre referring to, maybe someone can find some info for you.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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It is South Dakota DR-4469.
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This form is effected by the tax extender and disaster act of 2019, so I don't think it is ready for filing yet
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This form is available on the IRS website in a fillable version. Currently shows a 3/4 release date on ProSeries Professional. Absolutely not an acceptable date as farmers who did not make estimated payments must file by 3/1 to avoid penalties. My client is a farmer who had dairy cows die during 2020. Does anyone know if IRS will waive penalties if their form is available and Intuit hasn't updated it.in time?
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they died in a federally declared disaster?
wouldnt they just be a business loss?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪