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How do I handle a 1031 exchange when my client gave up one residential rental for 2 different units. Can I put both of them on one form 8824?

caroljo
Level 5
 
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4 Comments 4
qbteachmt
Level 15

Is the other topic the same issue for the same condition:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/i-am-doing-a-1031-excha...

Or are you working on different exchanges?

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caroljo
Level 5

No, I am working on the same exchange..one property given up, 2 properties received and my client wrote a check for 30,000.

 

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caroljo
Level 5

I still have not had a reply to my question.  Can I put two properties received for one given up on my 1031 exchange?  Also where do I put the amount my client wrote a check for in the computation?

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qbteachmt
Level 15

Did you use the worksheets:

https://proconnect.intuit.com/community/individual/help/1040-completing-a-like-kind-exchange-of-busi...

 

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