vaustincpa
Level 2
02-28-2022
10:03 PM
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My client just closed on a 1031 exchange yesterday but, because the exchange hadn't been completed by 12/31/21, the agent sent a 1099 - S with the retail value of the property given up, rather than a zero. Is this a problem? How should I prepare the tax return? Should I include a statement to the IRS? I've never had this si
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