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How do I defer capital gains a rental property on eminent domain when no replacement is purchased in Proseries

Neal-Boismenue
Level 1

My Client has a rental property destroyed by fire in California.   The city took the property by eminent domain.  My client wants to defer the capital gains until he decides to buy another investment property or the time limit expires.   How do I show this deferment in proseries

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Just-Lisa-Now-
Level 15
Level 15
If you type  1033 into the WHERE DO I ENTER box, it will pull up the Involuntary conversion election.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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1 Comment 1
Just-Lisa-Now-
Level 15
Level 15
If you type  1033 into the WHERE DO I ENTER box, it will pull up the Involuntary conversion election.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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