Eminent Domain

[Ismail9491]

A Client property was taken under Eminent Domain laws. He purchased another more expensive similar property and using under section 1033. Where on the software should i report this. I see form8824 for Exchange. what about the disposition section on the depreciation schedule that we normally complete when property is disposed.

Thanks

[Just-Lisa-Now-]

In the Where Do I Enter box, type :    Involuntary conversion

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