I know a like kind exchange under Section 1031 gets reported on Form 8824. Is there a form in ProSeries Professional that reports a Section 1033 exchange, an involuntary conversion (governmnet took the land to build something for the public)
Best Answer Click here
https://accountants.intuit.com/support/en-us/help-article/federal-taxes/entering-1033-election-invol...
I just googled and found this
saw that.. seems lacerte has it.. I will keep looking to see if PS has it.
found this.. this may help: https://accountants.intuit.com/community/proseries-tax-discussions/discussion/1033-condemnation-exch...
Just type 1033 in the green ? mark on top menu when in clients return, and fill out the worksheet that pops up
View solution in original post
thanks! i forgot about the where do i enter button. so used to calling up the exact forms
