jasieve
Level 3

I am working on a return with a 1031 exchange of rental property.  One of the transfers was completed in 2023.  The other in 2024, but was identified in 2023, within the 1031 guidelines.  How do I set up the new properties on the 4562?  How do I allocate the basis from the original property that was exchanged?

Thanks for any help

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