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1031 Exchange

jasieve
Level 3

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

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2 Comments 2
qbteachmt
Level 15

Partnership? Individual? Corporation?

ProSeries? ProConnect? Lacerte?

Did you google, for example:

ProSeries 1031 exchange

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jasieve
Level 3

It is a single owner LLC. I am looking at Pro Series 1031 exchange now. 

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