how to enter 1031 exchange
I have a sold rental property that was a 151,700 gain with 41755 remaining basis, if that matters. New property is 293,000. I can't get entries to make the gain not taxable. What am I missing?
thank you.
I have a sold rental property that was a 151,700 gain with 41755 remaining basis, if that matters. New property is 293,000. I can't get entries to make the gain not taxable. What am I missing?
thank you.
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