EZ casualty loss question

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  • BHoffman
    Senior Member
    • Feb 2008
    • 1768

    #1

    EZ casualty loss question

    I'm too fried to understand what I'm reading. Can someone take pity and help me out?

    Client's vacation home (never rented) burned down in Nov 2008. He received all the insurance reimbursement he's going to get in 2009.

    Do I include the insurance reimbursement in 2008 in calculating the casualty loss?

    Thanks so much.
  • Lion
    Senior Member
    • Jun 2005
    • 4699

    #2
    Yes.

    Yes, insurance and other reimbursements received or expected to receive.

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    • BHoffman
      Senior Member
      • Feb 2008
      • 1768

      #3
      Whew! Thank you so much for taking the time to answer

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