I am trying to fill in the information in the details section below into the Proconnect to complete a like-kind exchange form does anyone know how to do that?

Forum|Forum|6 years ago
December 7, 2019
3 replies
1 view

On August 15, 2018, Devon received a parcel of land in Phoenix worth $220,000

in exchange for a parcel of land he owned in Tucson. Because the Tucson parcel

was worth $245,000, he also received $25,000 cash. Devon’s adjusted basis for

the Tucson parcel was $210,000. He originally purchased it on September 18, 2015.

ProConnect Tax Online

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Best answer by George4Tacks

For those that really just need to know how to enter a 1031 in PTO

https://accountants-community.intuit.com/search?filters%5Bcountry%5D=US&filters%5Bdocument_type%5D=Article&filters%5Bproduct_display_name%5D=ProConnect+Tax+Online&q=1031

George4TacksAnswer

Level 15

For those that really just need to know how to enter a 1031 in PTO

https://accountants-community.intuit.com/search?filters%5Bcountry%5D=US&filters%5Bdocument_type%5D=Article&filters%5Bproduct_display_name%5D=ProConnect+Tax+Online&q=1031

Answers are easy. Questions are hard!

qbteachmt

Level 15

You have posted no Question.

You have a title and explained some facts.

You are not using the software to prepare a client's tax return. You seem to be in a classroom environment for the use of the program. A teacher would never want to learn you asked the internet. That's not how to learn.

*******************************Don't yell at us; we're volunteers

R

renjadahrAuthor

Level 3

I am on my computer at home, not in a classroom. this is a take home assignment. meaning I can use that internet, ask other people and make use of software as I see fit. and a teacher would always encourage you to ask questions. can't learn if you don't ask questions. also, it's not wise to assume what my professor is OK with.

abctax55

Level 15

This is NOT the place to get answers to homework questions. This is a forum for tax pro's who use Intuit software to help one another.

Go to irs.gov & Form 8824 and read the directions. OR, consult your textbooks (do they exist anymore???) or whatever resource material is provided by your instructor.

HumanKind... Be Both

abctax55

Level 15

@IntuitBettyJo - Just ONE example of why *we* would like the barn door locked.

HumanKind... Be Both

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