copy and paste this google map to your website or blog!
Press copy button and paste into your blog or website.
(Please switch to 'HTML' mode when posting into your blog. Examples: WordPress Example, Blogger Example)
Solved: Tax consequences of payout by insurance company Is the payout on a policy, rather than rebuilding the house, taxable? If the property is subsequently sold, is the total amount of the insurance payout, combined with the sale amount to determine the amount subject to capital gains tax?
A portion of my property was taken via eminent domain . . . - Intuit A portion of my property was taken via eminent domain condemnation I want to do a 1033 exchange How do I report this?A statement would be acceptable, but it would have to include all the information required by the form While we recommend you use the form generated in TurboTax, you can use the sample provided below as a template for preparing your own statement The interview in TurboTax
I should not get taxed for my HSA distribution since I didnt pass the . . . Based on my employer's declaration and what I have on my W-2, I should not get taxed for my HSA distribution since it's less than the limit which is $4150, but Turbo tax shows that I should be taxed for $1480 of my distribution!
Do I need to claim an insurance payment for damages? Only thing is that if ALL of the insurance proceeds are used to buy replacement property, like a replacement for the car, then any gain could be deferred under Section 1033 The replacement property must be of similar or like-kind, however I believe that is only for business property
1033 Exchange from Eminent Domain and Charitable Donation - Intuit A farm that my father gave to me while he was alive in 1984 and that I have been renting out was sold to the county school board in 2021 under threat of Eminent Domain for $5M That was a reduction of $3M in asking price and they agreed to consider that reduction of price as a charitable donation t
How to report an Involuntary conversion which resulted in a . . . - Intuit Under the circumstances you describe, you don't need to report the gain from the involuntary conversion of your residence due to a Federally declared disaster An involuntary conversion occurs when your property is destroyed, stolen, condemned, or disposed of under the threat of condemnation and you receive other property or money in payment, such as insurance or a condemnation award
Rental property fire damage - Intuit Is this really 1033 issue? I did not have total loss The house became available for rent in July after restoration was completed, and all the insurance payouts were spent for restoring the property January 18, 2023 2:54 PM