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Deductions & credits
I AGREE - I can't see where to enter the info on the 1099-S on the 8424 for the like kind exchange. When I try to "dispose" of the original asset - Turbotax generates a gain. I don't want the IRS to flag my return for not entering the 1099-S - when I did - I had to "allocate" the proceeds of the sale amongst the various assets that made up the sales price. So still not knowing where to enter 1099-S and adjust it some how to match what really happened. Help, please
‎February 5, 2020
8:56 AM