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Get your taxes done using TurboTax
@Anonymous - Thanks. I have a large spreadsheet much like this also. However, I still don't understand how you get the forms as listed in your 2nd picture. (I-105).
Thanks much though. This sheet really helps for comparison.
Reading form 8824 line 16 actually says "FMV of like-kind property you RECEIVED". In our calculation and in turbotax, it looks like all those adjusted basis from old property, exchange expense, etc. are all deducted from FMV of like-kind property you RELINQUISHED, or am I wrong?
Thanks again!
‎July 14, 2020
12:27 AM