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Financial Planning / Tax Strategies


Subject:  Re: Damages Date:  11/9/2002  10:49 AM
Author:  edcosoft Number:  62005 of 127546

Would it be taxable since it isn't personal injury? Otherwise, would it reduce the basis in the property?. I think in either case it would be the gross amount, less cost to make repairs, and the attorney's fees only deductible on Schedule A. IS there a CPA around to comment?
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