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rental property under Section 1031 Exchange
Under Section 1031 Exchange, I sold Property A and purchased Property B for residential rental purpose. I understand that I can continue depreciating the Property A given up.
For the Rental Income Section, I enter the details of Property B, its address, purchasing cost as well as cost of land. Assuming there are no rental income and expenses of Property A given up, do I have to enter it's address and other information somewhere else?
Thank you.
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‎February 25, 2023
6:51 PM