Skip to main content
Level 1
December 7, 2019
Solved

WHEN DOING A LIKE KIND EXCHANGE WITH PRIOR SECTION 179 THE GAIN/LOSS IS GOING TO THE 4797 AND NOT THE K-1, WHY?

  • December 7, 2019
  • 1 reply
  • 4 views
No text available
This topic has been closed for replies.
Best answer by George4Tacks

Because the 179 is limited at the individual level and that info needs to passed on so the recapture can be handled at the individual level. 

1 reply

George4Tacks
Level 15
December 7, 2019

Because the 179 is limited at the individual level and that info needs to passed on so the recapture can be handled at the individual level. 

Answers are easy. Questions are hard!