andys1027
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Right! I knew I had it wrong....thanks for correcting me! I am roughly guessing that I will owe the IRS around $15,000 - possibly less - based on 15% of the tax...
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Ok...I am single and use the standard deduction. I just checked my GROSS annual income and it is just under $57k which is under the $61,750....do I still pay 15...
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Got it! I only mentioned the HOA fees and the big changes in the rebuilt to add perspective and NOT expecting them to be deductible. So I am guessing that it co...
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FINAL REPLY (So sorry for extending the conversation on this, but your answers have really helped give me some kind of idea of what I might be paying in capital...
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First: Thank you so much for your reply. I did NOT file this as a loss after the Marshall Fire. I don't know if that would have helped at the time (you mentione...
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- Posted Re: Capital Gains Tax for Home that Burned Down on Get your taxes done using TurboTax. December 20, 2024 6:48 AM
- Posted Re: Capital Gains Tax for Home that Burned Down on Get your taxes done using TurboTax. December 19, 2024 7:21 PM
- Posted Re: Capital Gains Tax for Home that Burned Down on Get your taxes done using TurboTax. December 19, 2024 5:43 PM
- Posted Re: Capital Gains Tax for Home that Burned Down on Get your taxes done using TurboTax. December 19, 2024 1:47 PM
- Posted Re: Capital Gains Tax for Home that Burned Down on Get your taxes done using TurboTax. December 19, 2024 11:38 AM
- Posted Capital Gains Tax for Home that Burned Down on Get your taxes done using TurboTax. December 19, 2024 10:53 AM