topic Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/rental-house-burned-down-depreciated-to-zero-paid-30000-for-house-got-12000-from-insurance-what/01/385417#M15515 Tue, 04 Jun 2019 19:01:52 GMT augustapril1986 2019-06-04T19:01:52Z Rental house burned down Depreciated to zero paid 30000 for house. Got 12000 from insurance. What numbers do I put in https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/rental-house-burned-down-depreciated-to-zero-paid-30000-for-house-got-12000-from-insurance-what/01/385417#M15515 Tue, 04 Jun 2019 19:01:52 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/rental-house-burned-down-depreciated-to-zero-paid-30000-for-house-got-12000-from-insurance-what/01/385417#M15515 augustapril1986 2019-06-04T19:01:52Z Cost basis of the rental house is zero because it was ful... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/cost-basis-of-the-rental-house-is-zero-because-it-was-ful/01/385421#M15516 <P>Cost basis of the rental house is zero because it was fully depreciated but you received $12,000 for it.&nbsp; &nbsp;You would need to report this as a gain on Form 4797.&nbsp; &nbsp; &nbsp;</P> Tue, 04 Jun 2019 19:01:54 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/cost-basis-of-the-rental-house-is-zero-because-it-was-ful/01/385421#M15516 CynthiaR 2019-06-04T19:01:54Z