George4Tacks
Level 15
05-03-2020
10:37 AM
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Here is my logic:
EAT is a third party to which you have no firm offer in to buy when EAT acquires the property.
You sell on 5/8/19 and probably that same day agree to buy from EAT. If that is the case you ID on 5/8/19. When did the owner (seller) sign purchase agreement with EAT?
It has been quite some time since I did one of these, but my recall is that you treat EAT as just some property sitting out there and it is not IDed until a contract to buy is signed.
Maybe @sjrcpa could help out. She used to be a great All-Star. 😘
Answers are easy. Questions are hard!