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Level 3
July 28, 2025
Question

Reverse 1031 Exchange

  • July 28, 2025
  • 1 reply
  • 3 views

I am trying to enter a partial sale of land, building, and other assets and the proceeds from that sale were used in a reverse 1031 exchange.   The Like-Kind Exchange wizard does not seem to be working in this scenario since there was only a partial sale of the original assets.  Does anyone have any helpful ideas on this? 

1 reply

abctax55
Level 15
July 28, 2025

Three decades + with Lacerte.  The Wizard doesn't work....

Complete the F 8824 by hand, then force as necessary in Lacerte.

HumanKind... Be Both