Question

Where to find Turbotax 2017 Excess Casualty Loss Carryforward in Turbotax 2018 (NOT in a federal disaster area)? When I search for NOL carryforward, it shows a blank valu

Forum|Forum|7 years ago
June 4, 2019
1 reply
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In 2017 I had a large casualty loss due to a flood in my home (it was NOT due to a federally declared disaster area, however). According to Turbotax 2017, I had an excess amount of the casualty loss that I could apply backward or forward (I opted to carry it forward). But in Turotax 2018, I don't see the excess casualty loss. Where can I find this in Turbo Tax 2018 to verify that this is included correctly? When I search for "NOL carryforward" in Turbotax 2018 and select "Jump to", the carryforward amount is blank. Thanks in advance for your help.

TurboTax Premier Windows

M

mglauner

The deduction for personal casualty or theft losses has been suspended (eliminated) through tax year 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.

More info:

https://ttlc.intuit.com/replies/7321172

K

khoiAuthor

I understand that new personal casualty losses occurring on 1/1/18 or later cannot be deducted. But I thought that excess casualty losses from incidents before 1/1/18 (ie, carryforward NOLs) can still be deducted in 2018?