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Hurricane Ian Loss

Ephesians3-14
Level 8

I have a FL client who incurred $8,000 of unreimbursed personal casualty losses from Hurricane Ian. I see that the full loss can be deducted but not sure if I need to make an election on the tax return or where to enter the $8,000 loss. Do I need to prepare Form 4684...or is there a shortcut method in this case?

Any help would be appreciated. Three more weeks to go!

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6 Comments 6
Just-Lisa-Now-
Level 15
Level 15

need to use the 4684


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Ephesians3-14
Level 8

Wonder why there is no checkbox for the Ian situation

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Just-Lisa-Now-
Level 15
Level 15

If youve got the FEMA number, and it was declared a qualified disaster, I think you can just check box e...when did Ian happen?  its possible they just dont have the form updated for it yet.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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TaxGuyBill
Level 15

I think you check Box "f" for Ian.

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Just-Lisa-Now-
Level 15
Level 15

thats possible, we dont do hurricanes out here in CA! 

wildfires and probably an earthquake one of these days is our jam!


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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TaxGuyBill
Level 15

I think the "qualified" disasters ended in February of 2021, and anything after that is not "qualified".

https://www.irs.gov/instructions/i4684#en_US_2022_publink100011408