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snatkowitz
Level 2
August 12, 2025
New

deferred section 1031 exchange

Related products:ProSeries
  • August 12, 2025
  • 4 replies
  • 8 views

I have a sale of real estate that has a deferred 1031 gain

how do I report it and what form would be used

There is not going to be another 1031 exchange with the sale.

4 replies

sjrcpa
sjrcpa
Level 15
August 12, 2025

You mean they are selling property that they acquired through a like kind exchange?

Is California involved?

The more I know the more I don’t know.
    S
    snatkowitzAuthor
    Level 2
    August 13, 2025

    no it is in NYS and is a property that was acquired by like kind exchange how does the deferred gain

    get reported is it added to the sale price or just shown as a real estate capital gain

    Thanks

    sjrcpa
    sjrcpa
    Level 15
    August 13, 2025

    The deferred gain reduced the basis of the property acquired in the like kind exchange. It gets recognized now when the sale is reported. Sale Price - basis = gain.

    The more I know the more I don’t know.
      S
      snatkowitzAuthor
      Level 2
      August 14, 2025

      thank you so much

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