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kschrei
New Member

Form 8824 Error

I keep getting pink cells in the "Additional Information regarding Unlike-Kind Property Given Up Smart Worksheet".  However, I have no unlike-kind property.  The property sold was a rental property and all proceeds  went into a DST.  I believe this is also causing the pink cell on Line 25a.

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1 Reply
AmyC
Expert Alumni

Form 8824 Error

The DST should be a clean 1031 exchange. Line 25a is for something other than real estate involved in the deal. Take a look at line 15, Form 8824. Is the property received equal or greater than the net sales price? If not, the program may be looking for the missing amount. Perhaps a cash boot or closing costs

Be sure you are using the final 1031 substitute form 1099 provided by DST. The exchange expenses can alter your value.

If everything is fine, enter zero so the program knows there is nothing else.

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