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wozga01
Level 2
March 27, 2022
Question

Return of capital from remediation payments

  • March 27, 2022
  • 1 reply
  • 5 views

Is a remediation payment taxable

 

 

This topic has been closed for replies.

1 reply

sjrcpa
sjrcpa
Level 15
March 27, 2022

More details please. You get loads of room to explain.

In general, a return of capital is just that. Not taxable until/unless it exceeds your basis.

What does remediation refer to here?

 

The more I know the more I don’t know.
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