Discussion:1033 Involuntary Conversion

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Discussion Forum Index --> Advanced Tax Questions --> 1033 Involuntary Conversion
Discussion Forum Index --> Tax Questions --> 1033 Involuntary Conversion

Taxcpa (talk|edits) said:

6 April 2009
If the client received fund from involuntary conversion, 1099-S issued, he has 4 years to spend the money to re-invest.

How do I report the gain?

Taxcpa (talk|edits) said:

7 April 2009
If the involuntary concersation has 4 years to spend the fund, how can I determine the basis of new property if the fund is not completely invested?

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