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Get your taxes done using TurboTax
Thanks. If I understand correctly, the Like kind exchange new property basis shown in turbotax will not include the expenses associated with the exchange but I can add these expenses to the basis shown in turbotax as if I did an improvement to the property? So I put the expenses of the replacement property as the FMV of the other property received and for the "cash received"?
March 10, 2025
5:36 PM