So, in Turbo Tax, where do we report the basis (or gain) from the original property? I checked the box that said the sale was of a property acquired in a like-k...
Yes, jmisiag, just go in and delete the property if you checked the sale of business property box. The glitch remains, but you can work around it by doing that,...
Thank you - this was the issue. This appears to be a glitch in TT, because I tried unchecking the upper box, yet it kept those forms filled out - I had to keep ...
Yes, all the proceeds from the sale were used in the exchange. On form 8824 line 23, my recognized gain is zero. Line 24 shows my deferred gain as $53,000. Howe...
