Investors & landlords

AmyC

 

Only thing I don’t get is how does one dispose of relinguished asset without producing a gain as TT asks for sale price, expense, etc The form 8824 comes up with what new exchanged property cost is in order to set it up (this includes the relinguished property cost basis at time of sake.

 

Please advise and if on step by step or forms use.

 

Thank you