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Deductions & credits
I struggled with this for hours; and the solution was just to delete all info in the SALES INFO boxes! For your exchange property, under Business Income Expenses, choose "update" on the "Assets/depreciations"; ."yes, go to my asset summary"; continue thru the screens to get to "..any items not covered.."; choose, yes, then the property, "edit"; continue thru ; choose "no" .. I did NOT stop using item for business purposes; continue thru to "Sales Information" and make sure all the four boxes are empty. (The fact that you do not check you sold it is NOT enough; these boxes have to be empty).
May 31, 2019
5:32 PM