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Re: 1031 question "Report this transaction" Sched C vs Sched E vs no entry
I am having the same issue. The rental I exchanged was used in a trade/business. I have a taxable boot.
After completing the 8824 is asks "would you like to report this transaction on one of these activities? "
No entry
business Schedule C
Rental or Royalty property (Schedule E)
Using TT home and business desktop
I'm thinking It is wanting to know where to report the taxable boot?
‎February 10, 2023
7:30 PM