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Which form to report replacement of condemned rental?
We had a rental that was condemned in 2016. We purchased the replacement in 2019 and need to report this exchange in order to defer gain. The condemnation process took so long, that I did not file the election in 2016, but I did remove the condemned property from my schedule E and the depreciation schedule too. I need to know which form to use the 1033 exchange rules to tie the replacement property to the condemned one and pub 244 is greek to me. HELP!
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‎October 10, 2020
10:02 AM