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Deductions & credits
@mw29 Thank you for the reply! I followed your lead and checked the forms before filing - all looks good! Intuitively, it makes sense to eliminate the exchanged property and add the passive loss to the replacement property, but it was comforting to have the additional support any time I start making manual changes. Thanks again!
I also found this thread which recommends the same action:
March 11, 2022
12:35 PM