dascpa
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 12
		
	
				
		
	
		
			
    
	
		
		
		03-04-2024
	
		
		01:30 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I did one a few years ago and it was recommended to me to attach a note (not that it would be read but it's documented). My note follows:
Taxpayer incurred an involuntary conversion on 05/30/2016 with the insurance settlement occurring on 08/15/2017. The taxpayer has made a deemed 1033 election to defer any potential gain until replacement property is purchased or constructed.