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Deductions & credits
Different Property Received
FMV of other property received (not cash)
Promissory (or Installment) Note Received enter $5229 here????
Is this the right page? If I enter the cash amount on either one ($5229) it still ends up with no taxable gain. Perhaps because I had about $20k in "Exchange expenses" entered on the next screen with realtor commissions, closing costs, etc????
I appreciate your help.
FMV of other property received (not cash)
Promissory (or Installment) Note Received enter $5229 here????
Is this the right page? If I enter the cash amount on either one ($5229) it still ends up with no taxable gain. Perhaps because I had about $20k in "Exchange expenses" entered on the next screen with realtor commissions, closing costs, etc????
I appreciate your help.
‎June 1, 2019
10:56 AM