Abhay Bhargava
Level 2
Client surrendered property to State due to involuntary takeover by State of a hotel to expand roadway in April 2024. Client intends to do 1033 exchange which gives him 2 years to buy another property. Since there is no new property identified/purchased by the end of 2024, how should deferment of taxes takes place. Is it still thru from 8824?
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