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Get your taxes done using TurboTax
Hello,
how do you report in TT the sale in 2019 of stepped up rental property that was inherited from deceased spouse in 2017 when the property was originally purchased 15 years ago as part of 1031 exchange and prior to death?
Because the purchase date and cost basis started anew on the inherited property, does the reporting of 1031 exchange funds also go away?
‎June 18, 2020
6:06 PM