Dave1040
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This was my personal residence prior to the fire.The profit was less than $500,000.Yes we lived in the house 30 years before the fire.
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I don't understand your answer on the land gain?Is it taxable and where do I report the gain?Or, do I reduce the basis in the new house?
Activity Feed for Dave1040
- Posted Dependent Income, Need to know if my 10 year old child makes $30,000 in the stock market can I claim her as my dependent. All of the money went right back into the stock market. on Investors & landlords. June 4, 2019 3:08 PM
- Posted This was my personal residence prior to the fire. The pr... on Deductions & credits. June 4, 2019 12:57 PM
- Posted I don't understand your answer on the land gain? Is it t... on Deductions & credits. June 4, 2019 12:57 PM
- Posted House burnt down. The next year I sold the land at a gain. No Form 1099-S was received. Can I reduce the new house basis or is this taxable gain? on Deductions & credits. June 4, 2019 12:56 PM