AmyC
Expert Alumni

Business & farm

Thanks for the extra information regarding your spouse and LLC. Since you have a CPA doing your LLC tax return, I believe you are in a partnership with your spouse and not in a community property state. You would not need to report the 1031 exchange a second time.

It should only be reported once, by the entity. You would enter the k-1 information from the partnership but not the 8824 again.

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