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How do you enter a like kind exchange when two properties are given up for 1

julieann331
Level 1

Can someone help me figure out how to enter in ProSeries a like kind exchange that involves two rental properties being exchanged for 1 new rental property?

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

I did a 2 for 1 last year, I think I had to do the calculations by hand on the 8824, I couldn't link both Sch Es to it.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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callmefreud
Level 2

So - do you override the field?

Can it still be filed electronically?  In the past I put a note.  With the 2021 software I have an error that I must enter a date.  (but there are 2)

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