1031 exchange 

1. What is the cost basis of the new property?
2. What tax documents/ form will be received by clients
3. How to fill in data at the tax software to avoid capital gains ?

Case study: 1031 exchange

Old property
Purchase price 500k
Accumulated depreciation: 300k
Sold price 700K

New property:
Purchase price 800k

How to fill in data at tax software?
1. What is the cost basis of new property?
2. How to avoid capital gains by data entry?