I like your answer it seems much simpler. Are you saying that I can treat it all as 2024 activity, in spite of the fact that I received the proceeds in 2023? Th...
Thank you.I looked at Pub 547. Is it necessary that I follow the guidance on page 15 on how to postpone a gain? It says I have gainin the year I receive the ins...
Thank you.I looked at Pub 547. Is it necessary that I follow the guidance on page 15 on how to postpone a gain? It says I have gainin the year I receive the ins...
Thank you! I will not worry about the 2023 insurance proceeds until next year.Am I correct in assuming the assets will have no Fair Market Value since their bas...
Question 1 - I followed your advice reporting one day of rental use to maintain the fixed asset schedule and TT prepared a Schedule E. I reported no days of per...