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Get your taxes done using TurboTax
I'm not explaining well. In 2005 I sold house A and in order to defer the capital gain, I bought house be within a couple months as a 1031. So 2019 and I have sold it so I need to calculate the previous gain from A and add to gain of B. Somehow showing the 1031 on form 8824. On a piece of paper I could figure it out but to get it into the forms is harder. House sale B in 2019 minus sale expenses minus adjusted basis (purchase price B plus closing costs minus depreciation minus deferred gain from house A) Then offset by 250,000 for owner occupied 2/5 years.
March 5, 2020
2:00 PM