@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...
Thanks @DianeW777and @Carl, yes, the land and structure had values assigned when the property was acquired. Only the structure value has been depreciated since ...
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 ...
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...
