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Liz Weston: How can I avoid a ‘casualty gain’ on property lost in a natural disaster?
Liz Weston: How can I avoid a ‘casualty gain’ on property lost in a natural disaster?
Liz Weston: How can I avoid a ‘casualty gain’ on property lost in a natural disaster?

Published on: 04/05/2025

This news was posted by Oregon Today News

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The IRS calls it an “involuntary conversion” when your property is destroyed and you receive insurance proceeds. (Getty Images)

Dear Liz: My house was burned down in the Palisades fire.

News Source : https://www.oregonlive.com/business/2025/04/liz-weston-how-can-i-avoid-a-casualty-gain-on-property-lost-in-a-natural-disaster.html

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