Giammusso
Level 2
Tuesday
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I asked this earlier and have figured some of it out but still need some help.
Client sold a rental home. Received $300k in cash at closing. $200k went to the 1031 Exchange broker, and $100k went to the client. $100k is taxable boot.
Where is this entered on 8824, and how do I get it to flow to 4797 (If necessary) This is a new client so I don't have all of the historical data.
Thank you!
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qbteachmt
Level 15
Wednesday
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You can update your existing topic so that you can be helped and those volunteers helping can see what was already offered and covered. You don't need to keep starting it as a new topic, since it's a continuation of the topic here:
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
