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Level 2
April 8, 2023
Question

Working on a 1031 exchange of land. I can't get the gain to show as deferred. What am I missing?

  • April 8, 2023
  • 1 reply
  • 6 views
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1 reply

sjrcpa
Level 15
April 8, 2023

Did the replacement property cost more than the sale price of the relinquished property?

The more I know the more I don’t know.
scooper29Author
Level 2
April 8, 2023

Yes, land sold was 40 with a cost of 10 and land purchased was 165.

sjrcpa
Level 15
April 8, 2023

I always have trouble with this form in the software.

I fill it out by hand, then go back to the software and fiddle around with the input til it's correct.

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