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The standard deduction, is the standard deduction. You don't increase it unless you hit age 65 or go blind.
The standard deduction, is the standard deduction. You don't increase it unless you hit age 65 or go blind.
when enterring your casualty loss you have to check box E federal declared major disaster.. For Hurricane IDA on Line J you have to enter DR-4611
The program will automatically add your standard deduction to your casualty loss
however.. i have this one client that it double dipping. and I dont know why. it is adding the deduction of schedule A with the casualty loss plus adding the casualty loss.. do it is claiming loss twice..
dont know how to fix this. If i click that it isnt a federal declared disaster. it doesnt allow me to deduct the loss.. anyone have this issue?
ignore my comment on double dipping. i suppose it just seemed so high! but when i added the loss and the standard deduction it came out to that!
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