michele
Level 7
‎07-07-2025 01:48 PM

I have a 1031 exchange on land a client sold property for 20,000 more than the  property received.

Since it is not equal or greater they should have to pay on the $20,000 difference I do not see where it is showing up or how to get it there I have shown the 280,000 for the sold and the 260,000 for received and calculates the defer correct but what about the difference.

 

thanks

Michele

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Karl
Level 8
Level 8
‎07-08-2025 02:42 PM

I think we need more info about your inputs.

1) Are you using Screen 17 Dispositions or 22 Depreciation for this?

2) Is Form 8824 populating or not?

3) Can you upload screenshots of your inputs, plus page 2 of the form 8824?

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abctax55
Level 15
‎07-08-2025 02:50 PM

Selling costs?

Mortgage differences?

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abctax55
Level 15
‎07-08-2025 02:54 PM

The LKE wizard is difficult to use, I have never been able to get it to work correctly. Complete the F 8824 by hand then override the wizard.

HumanKind... Be Both
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Karl
Level 8
Level 8
‎07-08-2025 03:35 PM

Agreed

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