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Level 1
September 14, 2025
Question

how to show gain recognized on 4797 for gain recognized in a 1031 exchange

  • September 14, 2025
  • 1 reply
  • 2 views

I entered the sale of the property on the depreciation screen and 4797 is populated.  When I marked it for a 1031 exchange with cash received, 4797 goes away.  When boot is received and gain is recognized to the extent of cash received, both form 4797 and 8824 should populate.  Any help is greatly appreciated.

1 reply

Kathi_at_Intuit
Moderator
September 16, 2025

Hi @dimplebhatiacpa Thanks for posting! The best step would be to connect with Lacerte support directly. While they won’t be able to provide tax law guidance or confirm treatment of a 1031 exchange, they can review diagnostics, and take a look with you. 

We’re glad you’ve joined us, and we look forward to seeing you around the community!

 

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