what forms required for 1031 exchange

kuluibob · ‎04-14-2021

I filled out the 8824, and sale of exchange 4797. Also checked deferred income. Program is taking both as taxable. Sch D does not reflect deferred income. confused

Just-Lisa-Now- · ‎04-14-2021

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

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

kuluibob · ‎04-16-2021

Thank you. What I found out was that the home sale worksheet line 17 asks if this is a 1031 answer yes. Footnote says if yes gain will not go to Schedule D BUT it did.

qbteachmt · ‎04-16-2021

Are you trying to show 1031 exchange was used for a personal residence?

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what forms required for 1031 exchange

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