Jenn70
Level 1
03-31-2023
03:55 PM
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I have a 1031 exchange where they sold one property and purchased two. I have all work calculated and the deferred gain figured out but I cannot figure out how to get two properties recorded in Lacerte under one sale.
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sjrcpa
Level 15
03-31-2023
04:07 PM
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As I recall you can't.
Going from memory - Fill out the form with totals and attach a statement with details about the 2 replacement properties.
The more I know the more I don’t know.
abctax55
Level 15
03-31-2023
04:10 PM
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I do it in an excel spreadsheet then print to PDF, then attach.
HumanKind... Be Both
sjrcpa
Level 15
03-31-2023
05:39 PM
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So my memory was correct.
I thought you would know Anna.
The more I know the more I don’t know.
abctax55
Level 15
03-31-2023
05:52 PM
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My favorite was a two for five properties. THAT spreadsheet was a work of art... well, maybe only if you are a tax preparer 😉
HumanKind... Be Both
