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Investors & landlords
But since that was done years ago the cost basis was determined at that time. So reporting the sale now really shouldn't be any different from a "normal" purchase style acquisition.
This is a true statement ... the work on the 1031 exchange happened in the year of the sale/purchase ... now it is simply treated as a regular sale ... don't make it harder than it is. If you did not properly report the sale/purchase then seek local professional assistance ASAP.
‎September 4, 2020
11:17 AM