skyworks
Level 7
09-09-2024
11:29 PM
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I am entering a 1031 exchange for individual, the FMV of new asset is less than the asset sold.
I have entered the disposition on the asset (depreciation) screen to general form 8824/4797
The seller carried a note on the property sold, how do I enter the installment portion?
Tried the section of installment sale of the asset depreciation screen, but it wipe off the 1031 exchange Gain on 4797.