Question: Code Section 1033(h) provides for a potential non-recognition event of the receipt of insurance proceeds for unscheduled personal property destroyed in a residentially declared disaster.

Code Section 1033(h) provides for a potential non-recognition event of the receipt of insurance proceeds for unscheduled personal property destroyed in a residentially declared disaster. When was this provision added to the Code? By what act and act section? What is its effective date?

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