HB3
Level 1
02-26-2022
10:07 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a 1031 exchange and the old property has suspended losses. How do I move the suspended loss to the new property?
Labels
Level 15
02-26-2022
10:12 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
down near the bottom of the new Sch E worksheet, you should be able to key in prior year suspended losses. Theres an entry table for it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
HB3
Level 1
02-26-2022
10:46 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
how do you remove the suspended losses on the property that was traded?