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Do I report that property is sold in Schedule E if I do a 1031 and file Form 8824?
The schedule E section is asking if i sold the my relinquished property in 2022 and when I enter yes, the application seems to be taxing me twice because I am taxed as part of the 8824 for the boot and the then taxed again for the gain when I enter the sold amount in the schedule E. So my question is, do I report an exchanged property as sold in the schedule E?
‎April 8, 2023
7:57 AM