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Return of capital from remediation payments
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wozga01
Level 1
03-27-2022
05:51 PM
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Is a remediation payment taxable
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sjrcpa
Level 15
03-27-2022
05:59 PM
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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.
