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Level 2
June 15, 2020
Question

Casualty Loss Gain of Schedule E rental property

  • June 15, 2020
  • 4 replies
  • 29 views

Where do you report Schedule E Casualty Losses and Gains on rental property

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4 replies

Just-Lisa-Now-
Intuit Community Champion
June 15, 2020

I had a few of these back in 2017 with the CA wildfires (seems like forever ago!)....none of mine actually had a loss, we deferred the gain (1033 - involuntary conversion) until they could rebuild with the insurance money.

Form 4684 should have a place to mark it as business property, right?  I "think" that's how it worked.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 2
June 15, 2020

Thanks