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KMACK
Level 4
December 7, 2019
Solved

How do I record a Like-Kind Exchange of an automobile for a Schedule C business on the automobile worksheet?

  • December 7, 2019
  • 6 replies
  • 32 views
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Best answer by abctax55

2018 ?

You don't.  TCJA - 2017 did away with § 1031s for everything except real property.

6 replies

abctax55
abctax55Answer
Level 15
December 7, 2019

2018 ?

You don't.  TCJA - 2017 did away with § 1031s for everything except real property.

HumanKind... Be Both
TaxGuyBill
December 7, 2019
And if your State still allows it, that would be done on the State return.
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