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Level 2
February 26, 2022
Question

1031 Exchange

  • February 26, 2022
  • 1 reply
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I have a 1031 exchange and the old property has suspended losses.  How do I move the suspended loss to the new property?

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1 reply

Just-Lisa-Now-
Intuit Community Champion
February 26, 2022
down near the bottom of the new Sch E worksheet, you should be able to key in prior year suspended losses. Theres an entry table for it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
HB3Author
Level 2
February 26, 2022

how do you remove the suspended losses on the property that was traded?