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Level 3
May 10, 2022
Question

We have a client that is taking the standard deduction, plus they had a casualty loss. We took the standard deduction, $600 (MFJ) and added the casualty loss. Now the IRS has sent a letter removing the $600 charitable. Has anyone seen this?

  • May 10, 2022
  • 1 reply
  • 15 views
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1 reply

Just-Lisa-Now-
Intuit Community Champion
May 10, 2022
Casualty loss? or NOL?
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GLSAuthor
Level 3
May 10, 2022

It was a casualty loss due to a qualified federal disaster.  

Just-Lisa-Now-
Intuit Community Champion
May 10, 2022
Did the 600 get deducted on the front page of the 1040 as well as get included on Sch A somehow?

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