Form 4684

Forum|Forum|6 years ago
February 5, 2020
5 replies
23 views

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."

ProSeries Basic

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Best answer by Terry53029

This form is effected by the tax extender and disaster act of 2019, so I don't think it is ready for filing yet

Just-Lisa-Now-

Intuit Community Champion

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.

@IntuitAustin

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B

beylalAuthor

Level 3

It is South Dakota DR-4469.

T

Terry53029

Answer

Intuit Community Champion

This form is effected by the tax extender and disaster act of 2019, so I don't think it is ready for filing yet

M

mappp

Level 5

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?

Just-Lisa-Now-

Intuit Community Champion

they died in a federally declared disaster?

wouldnt they just be a business loss?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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