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Form 8824, Lines 25a-c

Pecorino
Level 1

I have a 1031 exchange of raw land for raw land.  No 1245 or 1250 property!  How do I get lines 25a, 25b, and 25c to all have no entries showing.  The program seems to want to fill in line 25a.  If I check 1250 property on the 4797 inputs, it will put the basis on line 25b which isn't correct either.

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I have found that the LC 1031 module doesn't do well with these types of exceptions so you'll have to override or find your own solution. If that fails, then file the 8824 as a standalone form.

@Pecorino 

(cheezy handle there)

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1 Comment 1

I have found that the LC 1031 module doesn't do well with these types of exceptions so you'll have to override or find your own solution. If that fails, then file the 8824 as a standalone form.

@Pecorino 

(cheezy handle there)

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