I am working on a return with a 1031 exchange of rental property. One of the transfers was completed in 2023. The other in 2024, but was identified in 2023, within the 1031 guidelines. How do I set up the new properties on the 4562? How do I allocate the basis from the original property that was exchanged?
Thanks for any help
Partnership? Individual? Corporation?
ProSeries? ProConnect? Lacerte?
Did you google, for example:
ProSeries 1031 exchange
It is a single owner LLC. I am looking at Pro Series 1031 exchange now.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.