kuluibob
Level 1
04-14-2021
11:59 AM
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I filled out the 8824, and sale of exchange 4797. Also checked deferred income. Program is taking both as taxable. Sch D does not reflect deferred income. confused
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Level 15
04-14-2021
12:02 PM
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kuluibob
Level 1
04-16-2021
11:17 AM
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Thank you. What I found out was that the home sale worksheet line 17 asks if this is a 1031 answer yes. Footnote says if yes gain will not go to Schedule D BUT it did.
qbteachmt
Level 15
04-16-2021
01:32 PM
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Are you trying to show 1031 exchange was used for a personal residence?
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