@harpermeek692 wrote:
If you open forms mode, the 8824 form has a link to a specific Schedule E property. I have never figured out what this does, but it does not cause the assets for the property to correctly report partial year depreciation, and link the resulting basis to the 8824.
I have not been able to figure that out, either. I am not sure it actually does much of anything, at least nothing that has much utility.
Regardless, I concur in your suggestion to seek professional guidance for all but the most simple 1031 exchanges and/or for those who are unfamiliar with the basic concepts.
