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Level 1
Mar 26, 2021 7:14 PM UTC
Question

1031 EXCHANGE

I'M DONE A LIKE KIND EXCHANGE WITH A RELATED PARTY ARE THERE ANY SPECIAL RULES TO CONSIDER

    1 reply

    M-MTax
    Level 15
    Mar 26, 2021 7:21 PM UTC

    The rule for this is that you MUST get a tax pro to prepare your return or you're asking for trouble. Form 8824 is crazy enough without getting into the related party stuff.