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Posted by R. C. White on December 8, 2006, 10:06 am
Please log in for more thread options Hi, Port.
I don't have the Katrina problem, thank goodness! But I do have TurboTax
Basic 2006. And, as I started inputting my carryover info to get ready for
this year's return, I did notice a question - very early in the Interview
process - about whether I was affected by Katrina. Did you see that
question?
Also, it's still early in the tax preparation season. Many tax forms have
not been finalized and incorporated into TT. My guess is that it will be
some time well into January before the final updates to the program arrive.
But your question was specifically about 2005, the year of the storm, and
2004, the prior year. Have you tried re-loading TurboTax 2005 and looking
for any late updates to that year's program?
My sympathies for your losses.
RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Currently running Vista Ultimate x64)
>I bought Turbo Tax thinking it would take into consideration the tax
> changes for disaster areas (for instance, removal of the $100 plus
> 10%AGI reduction of Katrina Casualty losses, etc) but I'm finding no
> worksheets or forms specifically for the Katrina rules. Is anyone else
> in the disaster area using Turbo Tax this year to calculate '05 and
> amend their '04 return? Is there a separate update that applies the
> Katrina rules that I haven't seen??
> At this point, to use the IRS Cost Index Tables and Safe Harbor Rules,
> I'm thinking I may have to do my taxes manually (which kinda sucks).
>
> Port
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