raycpa99
Level 1
03-12-2023
02:46 PM
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Client had a rental completely destroyed by fire. Insurance proceeds were more than remaining basis resulting in Casualty Gain. I enter disposition on Sch E rental asset and also pertinent info on 4684 resulting in double reporting of gain.
A) How do I link the two transactions to only report a single gain? and
B) how do I get Lin 32a of 4797 Pt III to populate the casualty gain?
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