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@chill444 wrote:

Does this make sense that the asset would be deleted since it was sold under the 1031 program?


I think so because you most likely made some sort of error when you first keyed in the transaction. You shouldn't have a 4797 at all, just an 8824. 

 

I'm not sure about the program functionality here but I believe the correct way to do this is to use the section where you indicate you did a 1031 exchange and start there.