wgonyea75
Returning Member

Investors & landlords

I am having an issue as well. The Different Property Received really throws me off.  Even though my relinquished property was $400K and my new property was $375K, the properties are not different in nature and character.  I know I am supposed to pay capital gains on $25K which should be accounted for with the information in the two screens where you enter all the information for each property. I think that screen should say Yes or No. I am on with someone now about my case. I'll post the answer soon.