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1031 exchange
Is there anyone who can walk me through this?
I am now on my second month of trying to complete the 1031 exchange form and have started the entire taxes over about 3 times. I do not get the "help button" and "jump to" everyone keeps talking about. I am on a Mac with the downloaded software and it is different from the PC version. The questions asked on the worksheet are not explicit and nowhere does it address how to handle additional items depreciated prior to the exchange. I've tried downloading the worksheet from the IRS along with their instructions for the form but then I have two confusing forms that don't work and I still can't get the adjusted basis or figure out how to handle depreciation.
‎February 25, 2023
4:22 PM