Restoration of my rental casualty was less than insurance reimbursement by $750. I've completed the 4684 worksheet. I entered the amount of insurance reimbursement on line 1e. On line 1f I entered the FMV and after casualty value (FMV minus the cost of restoration). The difference here shows that it cost less to restore to the original FMV than the Insurance reimbursement on line 1e by $750.
I cannot find anywhere in the program that shows a $750 income as a result of the gain.
Any help is greatly appreciated.
