Thanks Carl. I will convert the property to personal use as you suggest and do all the reporting on 2022 return.However, my big question is can I avail of the S...
Hi@Carl,The loss occurred end of Dec 2021, the insurance proceeds were paid in Aug 2022. I am not selling the land, since we do plan to rebuild eventually. The ...
This is an excellent writeup Carl, thank you for all the details in your attached documentMy case is a slight variant :- House burned down completely, in a fede...
