Skip to main content
Level 1
March 31, 2023
Question

Section 1031

  • March 31, 2023
  • 1 reply
  • 4 views

I have a 1031 exchange where they sold one property and purchased two.  I have all work calculated and the deferred gain figured out but I cannot figure out how to get two properties recorded in Lacerte under one sale.

 

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
March 31, 2023

As I recall you can't.

Going from memory - Fill out the form with totals and attach a statement with details about the 2 replacement properties.

The more I know the more I don’t know.
abctax55
Level 15
March 31, 2023

I do it in an excel spreadsheet then print to PDF, then attach.  

 

HumanKind... Be Both
sjrcpa
Level 15
March 31, 2023

So my memory was correct.

I thought you would know Anna.

The more I know the more I don’t know.