TP had 39K stolen from his retirement account. I have it entered on the Worksheet and the numbers transfer to the 4864 and line 12 is $38,900 but line 17 and 18 or not calculating.
I checked box 3a (Personal) on the Worksheet. Should I have checked business? When I check business it calculates. Is an IRA considered an income producing property?
Any Suggestions?
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Casualty losses were taken away for 2018 unless they were due to a federal declared disaster area.
Casualty losses were taken away for 2018 unless they were due to a federal declared disaster area.
I believe that money stolen from an IRA is not deductible until all IRA's have been closed out.
Did they issue a 1099-R?
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