- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Form 8824 / Like-Kind Exchange: are exchange expenses added to the Received property's basis?
Hi, when was looking for help with 8824, I found out that the Exchange Expenses are used to decrease the Realized gain. But I also saw comments that said that exchange expenses should be added to the basis of the Replacement property. Is "adding to the basis" an option that I could choose?
I don't think so. I think I must have read something wrong?
Thanks, Jeff
3 weeks ago