like kind exchange

big-jim · ‎February 6, 2020

how to claim deductions for improvements in the same year as the sale of the property

JohnB5677 · ‎February 6, 2020

If you had a rental property that you did a like kind exchange with, you would post everything as normal up until you made the exchange. Do not put it down as a sale, but up until that point it would be posted like it was sold.

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Anonymous_ · ‎February 6, 2020

Please elaborate - provide more details.

The cost of improvements is generally added to your basis in the property you sold. However, you mentioned "like-kind exchange" in the subject line. Therefore, you need add some more facts for this transaction.