Ok, so looking at our 2014 taxes, it looks like our accountant filed form 1033, an election to defer gain or involuntary conversion with property located within...
We spent approximately $450000 to build our 5000 sq Ft home in 1999we received $560,000 as a payout from our insurance companywe spent $450,000 to rebuild a 320...
Our home was destroyed by a federally recognized disaster area and I believe in 2014, when our taxes were filed, the gain was deferred but I don’t see where we ...
Very clear now. Thank you! If audited, how would I defend the cost basis on a home I built 25 years ago that was lost in a fire that contained all my supporting...
