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- Form 4684 - Rev Proc 2018-08 - Qualified Disaster Loss - Safe Harbor Methods
Form 4684 - Rev Proc 2018-08 - Qualified Disaster Loss - Safe Harbor Methods
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LG-CPA
Level 4
03-16-2021
07:19 PM
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When using a safe harbor method to calculate qualified disaster loss, instructions say to leave Line 5 and Line 6 blank on Form 4684 and enter the loss amount on Line 7. I had to leave applicable worksheet lines blank (causing an error) and override Line 7 on Form 4684. Now I have 4 "You Must Fix This Error"(s) on the return. I can efile with "ignore errors" but am I missing a worksheet or the "right" place to enter this information?
Oh, and do I need to get signatures on the Sec. 165(i) election (deduct loss on preceding tax year) and attach as a pdf, or does the signature on Form 8879 serve as the election signature?
Thanks!
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