- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
There is a choice in this section that lets you claim "other unforeseen circumstances" on the screen Other Reasons for Sale.
In general, the reasons listed specifically have been listed in Treas. Reg. § 1.121-3(e)(2). Not every possible circumstance is listed, and there is no guarantee that the IRS will agree that your situation qualifies. This is a judgement call that you have to make.
See this link, under the discussion of unforeseen circumstances.http://www.journalofaccountancy.com/issues/2009/nov/20091783.html
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 5, 2019
10:21 PM