m25
Level 1

Deductions & credits

@mw29 - Thank you SO MUCH for posing this question last year.  I am in exactly the same situation a year behind you.  I did a 1031 exchange in 2020; now for 2021, I had no income for the original (exchanged) property), but I have carryover loss from that exchanged property that has not yet been fully applied to gains.  What did you end up doing?  I am seeing the same thing on Schedule E that you described: the column for the original (exchanged) property is blank except for line 22 which is reporting a carryover loss (no income and no expenses in the column).  Did you (a) leave Schedule E "as is" reporting an essentially blank column for the exchanged property except for the carryover loss, or (b) did you eliminate the column for the exchanged property and manually input a new carryover loss amount into the replacement property that is increased by the amount of remaining carryover loss from the exchanged property?  Many thanks!