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Level 5
March 30, 2022
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Form 4684 - Casualty Loss - from Damage from Deteriorating Concrete Foundations

  • March 30, 2022
  • 1 reply
  • 8 views

Has anybody had experience with the topic above? In the instructions for the Form 4684 it indicates how to file for this special loss (2017-60) but then the program disallows it, saying on line 4h it's not a declared disaster. Is there some other form to take this credit? My client had to spend over $100K to correct this.

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Best answer by Just-Lisa-Now-
TCJA in 2018 took away casualty losses unless they were due to a federally declared disaster.

1 reply

Just-Lisa-Now-
Intuit Community Champion
March 30, 2022
TCJA in 2018 took away casualty losses unless they were due to a federally declared disaster.
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