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New Member
posted Oct 1, 2024 1:31:39 PM

Deferred gains entry

Did 1031 exchange on property (A) to purchase property (B) and deferred capital gain of $10,000. Sold property (B). Where do I enter the original deferred gain of $10.000?

0 5 3931
5 Replies
Level 15
Oct 1, 2024 1:33:26 PM

New Member
Oct 1, 2024 1:55:12 PM

Not quite the answer that I was looking for. After I input all of the information on the sale of Property (B) Form 4797 was generated. Do I add the 10,000 to gross sales on  line 20?

Level 15
Oct 1, 2024 2:37:25 PM

Level 15
Oct 1, 2024 2:38:08 PM

Level 15
Oct 1, 2024 2:53:36 PM