I have an itemized list from my insurance company from a theft at my home last year, what figures are needed?

Question

I've done all the other calculations through turbotax, but the last question before filing, the dreaded itemized list of items stolen has me stymied. Do I have to list everything or is it possible to enter the amounts calculated by my insurance company (i.e., one lump sum amount)?

Answer 1

Is this for taxes, or for the insurance company? For taxes, at least the "charitable donations" part, I've always said "see attached list" on the tax form, and stapled a photocopy of all the details. You can't submit electronically that way, but it sure is easier to mail it in than it is to enter a gazillion items.

Answer 2

Are you tryingto claim a casualty loss on your income tax?
Then you have to come up with an itemized list, along with cost, date of purchase, etc..if you want to claim in excess of what the ins settlement was.