I have a deferred gain from a Like Kind exchange from 2004. I have now sold that property and did not role the proceeds into another investment. Where do I enter this in TurboTax?
Thank you!
02419
2 Replies
Critter
Level 15
Mar 26, 2020 8:01:02 AM
Not sure what you sold but if it was depreciated property the basis was adjusted when you made the exchange ... now you will just report the sale like any other asset... nothing special needs to be done.