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My rental property was burned down (fire) and my HOA rebuilt it then I sold.

My rental property was burned down in July 2023, I did not mention this in my 2023 return. I also did not have any homeowners insurance on the property. The property was deemed a total loss. My HOA's master insurance rebuilt it in July 2024  and I just sold it.  How would I incorporate all of these events for the coming tax year? 

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My rental property was burned down (fire) and my HOA rebuilt it then I sold.

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My rental property was burned down (fire) and my HOA rebuilt it then I sold.

 

My rental property was burned down (fire) and my HOA rebuilt it then I sold.

 

My rental property was burned down (fire) and my HOA rebuilt it then I sold.

No, right after the property was rebuilt; it was listed for sale and sold. 

 

The HOA paid for the entire reconstruction of the unit. I had no out-of-pocket costs as a homeowner.

 

How would I determine the cost basis ?

My rental property was burned down (fire) and my HOA rebuilt it then I sold.

No, right after the property was rebuilt; it was listed for sale and sold. 

 

The HOA paid for the entire reconstruction of the unit. I had no out-of-pocket costs as a homeowner.

 

How would I determine the cost basis ?

My rental property was burned down (fire) and my HOA rebuilt it then I sold.

 

My rental property was burned down (fire) and my HOA rebuilt it then I sold.

Thank you 🙏 

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