- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@Mike9241 wroteI would suggest that instead of reporting it this way. You reduce the $40K you spent by the $29 K insurance and depreciate the remaining $11K
Yes, a simple procedure and more accurately reflects the amount of the insurance payment and out of pocket cost.
‎December 26, 2022
1:33 PM
611 Views