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
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?
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
1031 Exchange using 8824 Summary Smart Worksheet entering FMV . . . - Intuit The instructions you linked to are from one of our professional software products -- not intended for use with TurboTax A better link to get to the right portion of the interview screens is here: Where do I enter a like-kind or Section 1031 exchange (Form 8824)? If you are using TurboTax Desktop, you can search for topics by clicking on the Help menu option and choosing TurboTax Help Center
Solved: Rental Property Total Fire Loss - Intuit Between (1) missed depreciation, (2) a Involuntary Conversion (§1033 Exchange) and (3) a potential Implied Life Estate, you really need to go to a tax professional for this
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