Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

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Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

Cost basis of the rental house is zero because it was fully depreciated but you received $12,000 for it. You would need to report this as a gain on Form 4797.

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Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

Cost basis of the rental house is zero because it was fully depreciated but you received $12,000 for it. You would need to report this as a gain on Form 4797.

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Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

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Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

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Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in

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