Hi,
I sold one property and in exchange I got 3 smaller properties back. In Form 8824, I realized there's no option for me to add more than 1 like kind property received, so I list the 3 addresses under properties received and added up the closing statements amounts such as FMV to report on one line.
Is that ok? Basically I am reporting the 3 properties as in it's 1. Am i doing it wrong?
In one exchange, is there an option to report different properties received? online or desktop??
What do I do with next year tax now that I had reported the 3 properties as one on this year tax?
Thanks in advance for your reply!!!!
