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Gloria230
Level 2
September 30, 2021
Question

Can a form 8824 (Like kind Exchange be used for selling a primary residence at a big profit?

  • September 30, 2021
  • 3 replies
  • 18 views
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3 replies

G
Gloria230Author
Level 2
September 30, 2021

Can a Form 8824 - like kind exchange be used for selling primary residence at a large profit?

PATAX
PATAX
Level 12
September 30, 2021

Sjrcpa is correct... That was the fastest correct answer I think in history of this forum, but I may be wrong...

    sjrcpa
    sjrcpa
    Level 15
    September 30, 2021

    No. Personal use real estate does not qualify for like kind exchange.

    The more I know the more I don’t know.
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