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Level 1
March 14, 2021
Question

How do you enter a like kind exchange when two properties are given up for 1

  • March 14, 2021
  • 2 replies
  • 18 views

Can someone help me figure out how to enter in ProSeries a like kind exchange that involves two rental properties being exchanged for 1 new rental property?

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2 replies

Just-Lisa-Now-
Intuit Community Champion
March 14, 2021

I did a 2 for 1 last year, I think I had to do the calculations by hand on the 8824, I couldn't link both Sch Es to it.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 3
April 3, 2022

So - do you override the field?

Can it still be filed electronically?  In the past I put a note.  With the 2021 software I have an error that I must enter a date.  (but there are 2)