2995080
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Treatment of land on 1031 Form 8824 Line 25

Sold rental with a 1031 and am using line 25 for cost basis of the replacement property. We built a new rental house on land we purchased within the 1031. Do we need to deduct what we paid for the land from the basis calculations on line 25, or is it already factored in from the house we sold, for the new depreciation purposes?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question