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Is the money received for the destroyed structures taxable as income?

April 26, 2017destroyed income money received structures taxable

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Is the money received for the destroyed structures taxable as income?

1 Answer

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10 Posted

We have not, as yet, received a specific determination from the IRS but it appears to date that the money will be taxable. Applicants will be asked to supply a Tax ID number (either SSN or TIN) with the application. For more details on the program in Montana, contact Dennis Elliott or Gina Sampson.