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Get your taxes done using TurboTax
Thank you for your kind response.
does that mean I need to fill a form 8824 for each of the new properties I receive? On the form it ask what is the basis of the prosperity gave up to calculate deferred gain. To attribute what that is relative to each new property, I need to divide the basis of the property I sold pro-rata to the FMV of each new property correct?
this is not handled in any versions of TT even the desktop ones? That means I need to manually delete the figure populated by TT and insert additional forms myself?
does that mean I need to also amend my 2018 return? The numbers I reported was not incorrect, it just it’s all rolled up as one number to report. Thanks!!!
September 20, 2020
10:20 PM
5,317 Views