3620149
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Thx = your right - I should not be filling out the 4797. Didn't know what I didn't know...have sense found the button for like-kind exchanges
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By filling out Form 4797 (when I answer the Yes-No question in TT if I disposed (Sold) of the property), TT assumes I sold it and generates a capital gain. And ...
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Ok so if I received no Boot (e.g. all proceeds from relinquished property are applied to new property), then no 4797 is used...correct?But how do I answer the Y...
Activity Feed for 3620149
- Got Cheered for Re: I did a Like-Kind exchange in 2020 do I indicate that I sold the property in Form 4797 AND fi.... March 4, 2021 7:06 AM
- Posted Re: I did a Like-Kind exchange in 2020 do I indicate that I sold the property in Form 4797 AND fi... on Investors & landlords. March 4, 2021 5:11 AM
- Posted Re: I did a Like-Kind exchange in 2020 do I indicate that I sold the property in Form 4797 AND fi... on Investors & landlords. March 3, 2021 7:54 AM
- Posted Re: I did a Like-Kind exchange in 2020 do I indicate that I sold the property in Form 4797 AND fi... on Investors & landlords. March 3, 2021 7:51 AM
- Posted I did a Like-Kind exchange in 2020 do I indicate that I sold the property in Form 4797 AND fill out a Form 8824...or just Form 8824 on Investors & landlords. March 3, 2021 7:08 AM
- Posted I did a Like-Kind exchange in 2020 do I indicate that I SOLD the property in Schedule E or just fill out a Form 8824? on Investors & landlords. March 3, 2021 6:57 AM