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Return of capital from remediation payments

wozga01
Level 1

Is a remediation payment taxable

 

 

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1 Comment 1
sjrcpa
Level 15

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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