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Investors & landlords
@RangerRobin661 wrote:
Is this just as simple as explaining that Form 8824 was filed to show that sale?
It could be since it appears they have no idea that an exchange was effected. Rather, it appears they believe there was a sale and that the sale was not reported.
Before proceeding, you might want to visit the TurboTax Audit Support Center as it could be of some utility even if you did not purchase Audit Defense.
https://support.turbotax.intuit.com/irs-notice/audit-support/
If the situation becomes more complicated than informing the IRS that you did a 1031 exchange (and providing the requisite documentation), then you should definitely seek professional guidance.
‎August 30, 2019
3:07 PM
1,052 Views