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Form 8824 allows me to link to a related Schedule E. Which one do I choose: relinquished or replacement?
I completed a 1031 Like-Kind Exchange, and am attempting to fill out Form 8824.
TurboTax includes in Line A of 8824 a link to a copy of Schedule E, but provides no explanation of how this link functions.
Do I link to the Schedule E of the relinquished property? Or to the replacement property? I have a Schedule E for both.
Actually in my like-kind exchange there were two replacement properties, with two corresponding Schedule E's. Does it matter which one I pick?
I've tried linking to each possible Schedule E, and it does have an effect elsewhere in my return. But I can't figure out what lines on what schedules / forms are affected.
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‎December 21, 2019
5:47 AM