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- how do i report replacement cost minus insurance proceeds for wind damage to structure?
how do i report replacement cost minus insurance proceeds for wind damage to structure?
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JohnHolt2251
Level 1
Saturday
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I received $27,090 from insurance company for damage to my barn, but it cost me $36,395 to repair it. How do I report this on my Schedule F and can I depreciate the difference?
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BobKamman
Level 15
Saturday
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