Ismail9491
Level 2
03-03-2021
04:17 PM
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A Client property was taken under Eminent Domain laws. He purchased another more expensive similar property and using under section 1033. Where on the software should i report this. I see form8824 for Exchange. what about the disposition section on the depreciation schedule that we normally complete when property is disposed.
Thanks
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Level 15
03-03-2021
05:09 PM
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In the Where Do I Enter box, type : Involuntary conversion
see if thats what your looking for
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪