Ok, so looking at our 2014 taxes, it looks like our accountant filed form 1033, an election to defer gain or involuntary conversion with property located within a presidentially declared disaster area
it was listed as our primary residence
The type of conversion was listed as “destruction”
the replacement property was listed as “rebuilt same”
computation of realized gain was
$538,121
aquisition cost of replaced property was listed as $475,000
realized gain was $63,121
also, a 4684 form was filed or casualty and thefts
this listed both the primary residence loss as well as personal property losses
the primary residence loss resulted in a $63,121 gain
the personal belongings created a loss of $14,216
that left a difference of $49,005 as a capital gain on 1040 line 13 and also listed as a $49,005 net long term capital gain on schedule D
On form 1040 qualified dividend and capital gains tax worksheet line 21 is also $49,005
line 24 on that form was calculated to be $9221
So, it appears that we did pay the tax on the capital gains in 2014
I think what made me think it was deferred is on form 1033, it says “election to defer gain or involuntary conversion
