bgray052299
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@CarlThis is helpful as we did receive rent from insurance through the date of the land sale, and therefor I can push out the date of disposition to the date of...
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Thanks @DianeW777and @Carl, yes, the land and structure had values assigned when the property was acquired. Only the structure value has been depreciated since ...
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Thanks Carl! Yes, I'm declaring the loss on form 4684 (Casualty and Theft worksheet), which transfers to 4797, and I reduced the cost basis by the depreciation ...
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Thank you Carl for the helpful document. If the structure burned down, we received insurance payment and then sold the land, where do I report the sale of the l...
Activity Feed for bgray052299
- Posted Re: Rental property fire question on Investors & landlords. March 16, 2021 11:52 AM
- Posted Re: Rental property fire question on Investors & landlords. March 16, 2021 11:45 AM
- Posted Re: Rental property fire question on Investors & landlords. March 16, 2021 11:21 AM
- Posted Re: Rental property fire question on Investors & landlords. March 14, 2021 7:25 PM