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Level 4
December 7, 2019
Solved

What form do I use for a 1031 exchange and all closing costs

  • December 7, 2019
  • 10 replies
  • 52 views

his lawyer stated he could use all the closing costs for the sale of the rental building in 2018 and real estate taxes, for the 1031 exchange is this true? which form does that go on

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Best answer by Just-Lisa-Now-

Like Kind Exchanges are reported on Form 8824.  They can be a bit tricky, so you may want t refer to the Help Files or dig through the ProSeries Knowledge Base for more information.

10 replies

Just-Lisa-Now-
Intuit Community Champion
December 7, 2019

Like Kind Exchanges are reported on Form 8824.  They can be a bit tricky, so you may want t refer to the Help Files or dig through the ProSeries Knowledge Base for more information.

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sjrcpa
Level 15
December 7, 2019
Real estate taxes are separate. If this is rental property they go on the rental schedule.
The more I know the more I don’t know.
Level 3
October 13, 2020

Can you help me fill out a 1031 exchange of a rental? I am unfamiliar with form 8824 and I haven't done an exchange in about 20 years