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Investors & landlords
I did report it on the 4797, but there is no where on the form to show how much insurance paid. The insurance paid for both the 2018 and 2019 fire; however, after the second fire, we decided not to rebuild and sold. We sold basically the land for $10,000, which is far less than the original price of the house minus the depreciation.
May 21, 2021
10:05 AM