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Level 1
December 7, 2019
Solved

LAND CONDEMNATION SALE WHERE TO REPORT

WHERE  IN PRO SERIES DO I REFLECT  CAP GAIN ON PROCEEDS FGROM LAND CONDEMNATION

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George4Tacks
Level 15
December 7, 2019

Schedule D, but look into considering a 1033 election https://www.journalofaccountancy.com/issues/2002/sep/thetimingofsection1033elections.html

Answers are easy. Questions are hard!

1 reply

George4Tacks
Level 15
December 7, 2019
Answers are easy. Questions are hard!