Re: In 1033 exchange due involuntary takeover of property by state, how do I show deferred gain in 1065? Thru form 8824 or some other way? - Intuit Accountants Community

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/1033-condemnation-exch... for some info

If you decide to show the sale look at the Lacerte answer given for guidelines.

Enter the sale as a 4797 sale

Enter the election (I found it here for ProSeries https://accountants.intuit.com/support/en-us/help-article/partnership/reporting-irc-elections-proser... )

Answers are easy. Questions are hard!