barrysafeer
Level 3

Thank you all for the comments!!   So many knowledgeable people here 🙂  More details:

Sold commercial property A  for $1.1 million.  Basis of that property A (after depreciation) is $18,263.  So gain is $1,081,717.  How do I show this on the Form 8824?

Bought new commercial property B  for $1.1 million.  When I set-up the new asset schedule, what do I put in as the basis?  

How does the gain flow through to get captured on the new asset?

If anyone has a worksheet or sample 8824 they want to share - please and thank you.

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