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Level 1
January 10, 2021
Question

Form 4684

  • January 10, 2021
  • 1 reply
  • 5 views

With Derecho Wind Storm in Iowa, being declared a Presidential Disaster Area, there have been over $2.6 Billions of Insurance claims filed.  Thousand of tax returns will require the reporting of Casualty Gain/Loss this year.  Thus, the need for the input of information and the generation and e-filing of Form 4684.  Will that form be added to the Lacerte Program for inputting and processing of the Form 4684?

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1 reply

George4Tacks
Level 15
January 11, 2021

The form is in Screen 17 > Look in the left column for Sections > Casualties and Thefts (4684)

You will need to wait awhile for the software to really get up to speed, but I think you need to enter DR-4557-IA for the FEMA code

FEMA Disaster Code

Casualties and Thefts (4684) Screen 17; Code 96

Enter the FEMA disaster code designation for the personal casualty loss being reported on Form 4684.   This information will print on the Form 4684, page 1.

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