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oawong
Level 2
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  • Thanks. If I understand correctly, the Like kind exchange new property basis shown in turbotax will not include the expenses associated with the exchange but I ...
    oawong
    1
    Updated Mar 15, 2025
  • Not sure i understand correctly. Seems if you include your expenses for the replacement property under different property received, it would be like you are not...
    oawong
    3
    Updated Mar 15, 2025
  • I believe the exchange expenses in turbotax refer to the property disposed of (sold) and not the replacement property.
    oawong
    Updated Mar 15, 2025
  • What was the work around that gave you the correct answers two years ago? Can you just increase the FMV of the replacement property to include the associated ex...
    oawong
    7
    Updated Mar 15, 2025
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