theft.

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  • gman
    Senior Member
    • Dec 2005
    • 676

    #1

    theft.

    If a business item was stolen and insurance collected and the taxpayer invested the insurance money in a new business item(same piece of equipment) is any of it taxable

    I am working on the 4684??
  • ChEAr$
    Senior Member
    • Dec 2005
    • 3872

    #2
    Here are two separate transactions

    Account for each and the answer will become clear.
    ChEAr$,
    Harlan Lunsford, EA n LA

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