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Level 1
February 9, 2021
Question

Iowa Casualty loss 2020

  • February 9, 2021
  • 1 reply
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has anyone had trouble with the federal casualty loss being transferred to the IA state tax return? Proseries doesn't seem to be allowing the loss on the IA state tax return.

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1 reply

Level 3
April 2, 2021

I know this question is an old one, but if you are wondering about a major qualified disaster - the Iowa instructions for Schedule A - Line 19, it says "do not include any amount of federal standard deduction included on federal Schedule A, line 16, because you have a net qualified disaster loss on from federal form 4684, line 15."

So I'm not sure whether the casualty loss goes there or not!  It's still not transferring.