2050607
The following diagnostic is generating: Under the newly enacted "tax cuts and jobs act" the like kind exchanges completed after 12/31/17 are limited to exchanges of real property that are not primarily held for resale. a transition rule does provide relief for a transaction if that property given is disposed of , or if the replacement property is received prior to 1/1/18. Please review the disposition to confirm it qualifies as a like kind exchange under the new law, if not it should be a normal disposition and not like kind exchange. This property is sold in 2021 therefore why am I getting this diagnostic? Anyone know?
