Investors & landlords


@gdstuart1 wrote:

OK, so I'll enter them in a separate Asset Worksheet.  I decided to code them as F - Rental Furnishings.  But what does the 1031 status have to do with this? 


I am not sure what you are asking or, rather, why. 

 

My point was simply that the TCJA eliminated personal property as a candidate for 1031 treatment, which left only real property as property qualifying for like-kind exchanges.

 

Of course, you can depreciate the personal property or even expense the assets if they qualify.