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Filling out Form 4684 for casualty and theft in ProConnect Tax

by Intuit Updated 7 months ago

In ProConnect Tax, when filling out Form 4684:

  • Line 26 says to enter the lesser of line 20 or line 25.
  • But, line 26 won't print the amount from line 20, even if it's larger than the amount on line 25 if the property was totally destroyed by casualty or theft.
  • If you leave blank the field Fair market value after casualty or theft, or enter a 0, the program assumes that the property was totally destroyed, and prints the amount from line 20 on line 26.

How to force ProConnect Tax to print the right number

To force ProConnect Tax to print the lesser of lines 20 and 25 on line 26, enter at least $1 in the field Fair market value after casualty or theft.

Related topics:

ProConnect Tax

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