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Investors & landlords
You are correct that the Gain on a 1031 Exchange is postponed.
It is easy to miss something entering this into TurboTax. There are rules for a property transaction to meet 1031 which include needing an intermediary and you could never have received proceeds.
Many things do not qualify for like kind exchange rules, so be careful claiming it.
Click this link for detailed instructions on Entering a Like Kind Exchange.
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‎February 21, 2020
4:51 PM