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I'm doing a 1031 exchange. Where (forms and lines) do I
Hi Barbara,I'm doing a 1031 exchange. Where (forms and lines) do I reflect the adjusted basis on my 1040? I'm looking at the Asset Entry Worksheet in Schedule E. Thanks.… read more
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I've just realized I'm late in filing the form 8824 for a
Good morning. I've just realized I'm late in filing the form 8824 for a Like-Kind Exchange. I sold my rental house in December 2016, and the funds went to a qualified intermediary. It was a deferred e… read more
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Lev
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Taxpayer exchanged a property years ago and reported realized gain on Form 8824. Property has been exchanged again. Does taxpayer only report the incremental realized gain from the current exchange or… read more
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Trying to fill out form 8824 for a part 121 and 1031 transaction but he instructions for line 20 make it seem like we can't deduct the $500,000 121 home exclusion. So that the end result is that the e… read more
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A client of mine sold a hotel. After that he kept the deed
A client of mine sold a hotel. After that he kept the deed for one day and transferred the deed to a new corporation in which he is buying a new hotel. Can he do a 1031 in the old corporation and file… read more
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I don't know if you can help me on prepare a tax return that
Hi Barbara, I don't know if you can help me on prepare a tax return that have a 1031 exchange… read more
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Questions on a 1031 - exchange Do we need to have an QI
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Lane
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Second opinion] how can i report one asset exchange to two
Second opinion] how can i report one asset exchange to two assets in form 8824? do I need to fill out two 8824 forms or just one? thanks. HL… read more
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I cannot efile my corporate state return. it's says
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IRC§1031 Exchange Q. Please advise how is the IRC 1031
IRC§1031 ExchangeQ. Please advise how is the IRC 1031 exchange reported on the individual tax return? I am aware of the form 8824, which is for like kind exchange.a. Client Sold a apartment ( property… read more
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Should I amend Form 1040 to attach Form 8824? The 1031X did
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I have question on 1031 exchange tax reporting. The properties were held by Investment LLC and LLC is owned by a married couple. 1031 exchange took place in JUN 2015 and we have all papers with us. He… read more
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I sold a house 50 % Business Use & 50% personal use, ( two
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In 2006 I did a 1031 exchange but failed to file form 8824.
In 2006 I did a 1031 exchange but failed to file form 8824. In 2011 I sold the exchanged property. Can I fill out an 8824 form for last year even though there was nothing done before that? Will the IR… read more
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Did a 1031 exchange in 2005 with a gain. sold the property
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I am a non resident of North Carolina and sold property in
I am a non resident of North Carolina and sold property in 2006 but deferred the gain by doing a 1031 exchange through a qualified company. I filed the 8824 like kind exchange form for federal and in … read more
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Lev
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I did a 1031 exchange selling my property in December 2006 ...
I did a 1031 exchange selling my property in December 2006 and buying a new property May ( i satisified all the requirements of identifying the new property within 45 days and closing within the presc… read more
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