How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 577
Experience:  10 years experience
Type Your Tax Question Here...
Wallstreet Esq. is online now
A new question is answered every 9 seconds

1st questrion ; where should I look into as to 1031 exchange

Customer Question

1st questrion ; where should I look into for guide as to 1031 exchange transaction to present it on financial statements.
More specifically, do you have to present your tax deferred gain on Balance Sheet. If yes, in what account. ie. as liability side as equity of member of LLC?
Submitted: 4 months ago.
Category: Tax
Expert:  Lane replied 4 months ago.

I just answered this for you on another question


See this:


Related Tax Questions