A client did a like kind exchange of real estate for an interest in a Delaware Statutory Trust REIT. He had a built in gain re the property he contributed re the like kind exchange. It was listed in boxs M and the amount in box N of the K-1 he received from the DST REIT, but there is no place to list this on screen 20.1 module of the individual tax program.
Ironically, if I was doing the DST REIT partnership return, there are places in the partnership program for me to list these items. Please fix.
Jeffrey Rothman, CPA
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.