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Get your taxes done using TurboTax
Since this settlement is replacing a loss that you already took on your taxes in 2018 then the income should be the same as the deduction that you took. So a capital loss in 2018 should be a capital gain in 2024. Sale date of the date that you received the settlement, sale price of the amount received, basis of zero.
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‎January 20, 2025
12:42 PM