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Investors & landlords
@moniquescobey wrote:
.......However, I am unable to dispose of the rental on the sale date.
Another question, when completing the exchange step by step, I am not sure which activity to attach the exchange to, the one relinquished or the new one?
There is no "sale date"; you're did a like kind exchange.
You may also need to use Forms Mode, depending.
Again, please read through the links provided in one of my previous posts. If you are the least bit uncertain, you might want to seek guidance from a local tax professional as state law may also impact the exchange.
‎January 26, 2024
10:32 AM