another more realistic example

another more realistic example would be that she bought a used car at a super good deal. The Fair Market value of the car is $5000, and she only paid $1000 for it. In this case, if her insurance paid her $5000, she would need to pay tax on the gain of $4000. It is treated as if she sold the car at $5000, and had a gain of $4000.

There is an assumption that the insurance proceeds is considered as return of the basis. However, the assumption is always rebutable.

所有跟帖： 

• 可以看這裏 -戰車上的狸花- ♀ (882 bytes) () 11/03/2008 postreply 21:59:32

• that is not the law -caliber- ♂ (550 bytes) () 11/03/2008 postreply 22:20:38

• 唉。IRS是對GROSS INCOME 征稅的。如果你要弄清楚 -戰車上的狸花- ♀ (400 bytes) () 11/03/2008 postreply 23:09:04

• 我確實是為了較汁兒而較汁兒， 為了絞湖而絞湖 -caliber- ♂ (591 bytes) () 11/04/2008 postreply 09:47:15