Giraffes5gb
Level 2
04-02-2020
03:04 PM
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Cx did 1031 exchange through intermediary and I want to prepare 8824. I have reviewed the Proseries article "1040: Completing a Like-Kind Exchange of Business Property (1031 exchange)". Guidance works for me.
I just want to include the trade on one 8824, I think I can do this if the same type of property was relinquished and acquired. One rental home traded for two DST rental units. Is that okay? Then I will create 4 new assets I believe.
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