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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.consumers.house - Date & Time for the message: / Author of the message: "AllEmailDeletedImmediately" |
Title of the message: |
Re: Insurance claim paid, but damage not repaired question
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Text of the message: |
<trader4@optonline.net> wrote in message news:1113409807.955281.19040@l41g2000cwc.googlegroups.com... > > "the irs feels that if you don't rebuild, you received income from the > insurance check. bet it also applies to car insurance checks, since > personal-use property isn't necessarily real estate. " > > > Even the IRS doesn't expect to tax you twice on money you already paid > tax on. sure they do. that's what death taxes are. and let's not even get into taxes on phantom income. In the case of a car, if it was damaged and you get an > insurance payment, you don't owe tax on it, unless the payment was for > more than the car was actually worth, which I've never seen happen. > > In fact, quite the opposite is true. Let's say a car was worth $8k and > you can prove it through reasonable means, eg blue book, etc. But the > insurance company only pays you 6.5K. You not only don't owe tax on |
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[ USA -> CHICAGO - 07/May/2025 08:31:17 ]
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Italian Business Code: Partita IVA N. IT03972320653, registered in the "Camera di Commercio" of Salerno.
Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.
Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.