Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Re: Federally Declared Disaster
Federally Declared Disaster
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
1040Lester
Level 1
03-25-2022
06:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello,
I have a client who lost their home in the Paradise fire, a Federally Declared Disaster. We elected to use the four year window for reinvestment of the funds. The four years is up in 2021.
If there is any taxable gain from the disaster, when is the taxable event ? In 2021 or 2017?
Labels
2 Comments 2
George4Tacks
Level 15
03-26-2022
10:30 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
https://www.irs.gov/publications/p547#en_US_2021_publink1000225395
Answers are easy. Questions are hard!
1040Lester
Level 1
03-28-2022
08:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you, George. I appreciate it.
