Question
Hurricane Ian Loss
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!
