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    • Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
    Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
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    8824

    sillysyl
    Level 2
    ‎04-28-2020 10:12 PM

    I’m working on an 8824 my dilemma is that they have 109,000 of capital gains. I am unable to zero this out, is it possible? The property sold  for 195,000 cost base was 75,000. The property purchased for 244,000. 

    I am thinking that I must be entering the numbers in the wrong spots. Any suggestions would be greatly appreciate it

     

    Sillysyl

     

     

     

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    1 Best Answer

    Accepted Solutions
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎04-28-2020 10:14 PM

    You didnt include what software youre using, but maybe this will help

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


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

    View solution in original post

    2 Comments 2
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎04-28-2020 10:14 PM

    You didnt include what software youre using, but maybe this will help

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


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    sillysyl
    Level 2
    ‎04-28-2020 10:18 PM

    Thank you

     

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