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Deductions & credits
Did you perhaps have a situation where you sold a rental property and acquired another in the same tax year? Possibly a 1031 exchange maybe?
For example, if you sold property A in Apr 2020 and purchased/acquired property C in Sept 2020, then both the old *and* the new property will be reported on the 2020 tax return. The return will show the disposition of property A and the acquisition of property C.
‎October 12, 2021
8:55 AM