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Level 2
March 13, 2020
Solved

like kind exchange-farm land for farm land-why does lacerte give a critical diagnostic-how do we "confirm" to lacerte that property qualifies for like-kind exchange???????????????

  • March 13, 2020
  • 1 reply
  • 9 views

exactly what I printed above--we have a like kind exchange of farm land for farm land, so why are we getting a diagnostic (ref. #2050607).  How do we "confirm" TO LACERTE that property qualifies for a like kind exchange

 

return is due Monday, March 16.

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Best answer by George4Tacks

It is just a warning. Ignore it if you are doing the right thing. 

https://proconnect.intuit.com/community/help-articles/help/lacerte-fatal-diagnostics/00/40468

 

1 reply

George4Tacks
Level 15
March 15, 2020

It is just a warning. Ignore it if you are doing the right thing. 

https://proconnect.intuit.com/community/help-articles/help/lacerte-fatal-diagnostics/00/40468

 

Answers are easy. Questions are hard!
DEMAuthor
Level 2
March 16, 2020

Thank you.  I was afraid that the return would be rejected if we filed with a critical diagnostic.

 

D.