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： 

• 可以看这里 -战车上的狸花- ♀ (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是对GROSS INCOME 征税的。如果你要弄清楚 -战车上的狸花- ♀ (400 bytes) () 11/03/2008 postreply 23:09:04

• 我确实是为了较汁儿而较汁儿， 为了绞湖而绞湖 -caliber- ♂ (591 bytes) () 11/04/2008 postreply 09:47:15