348704
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Use the steps for vacant land. Even though you were allowed to report this as a like-kind exchange, land is not a depreciable asset and therefore is not reported on Form 4797, but rather on Form 8949 and Schedule D. (Capital Gain investment transactioon).
Use the steps for vacant land. Even though you were allowed to report this as a like-kind exchange, land is not a depreciable asset and therefore is not reported on Form 4797, but rather on Form 8949 and Schedule D. (Capital Gain investment transactioon).
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