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

d-sundblad
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George4Tacks
Level 15

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. 


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George4Tacks
Level 15

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!
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