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Deductions & credits
You need to fill out form 8824 to report your exchange. Enter 'Like Kind' into the search box then click the 'jump tp' link that appears and follow the prompts.
If you're feeling nervous about this and looking for some peace of mind you should consult a tax professional in your area that specializes in like kind exchanges. But you should be able to enter the whole thing into TurboTax with no problem.
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March 21, 2022
6:46 PM