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Investors & landlords
Ok ... if you sold the original property 2 years ago then the 1031 exchange should have been handled on that return 2 years ago. Now all you have to report is the sale of the rental UNLESS you are doing another 1031 exchange. Simply indicate in the Sch E asset section that the assets were sold and follow the screen instructions to sell off all the assets in this rental.
‎July 30, 2022
4:17 PM