An “involuntary conversion” may be the result of the destruction of property (whether in whole or in part, see Q 8673 for a discussion of partial conversions), the theft of property, the seizure of ...

Editor’s Note: Under the 2017 tax reform legislation, individuals are no longer entitled to deduct casualty and theft loss expenses as itemized deductions for 2018-2025 (when those losses are not ...

There is something called an “involuntary conversion” in IRS code section 121. If you were forced to leave your personal residence, unplanned on your part, that is called an “involuntary conversion.” ...