Question
PA 1031 Exchange for 2022
I am doing a 1031 Exchange in PA for 2022 (so prior to PA tax law change). I am seeing conflicting information.
On the PA Sch Gain/Loss, I see the rental property showing on two lines. Once a calculation of Fed realized gain less adjust basis and Once calculating the asset cost less depreciation (from asset worksheet). PA regs say to use sales price of rental less adjusted basis. These are big differences.
I would appreciate some help.
Thank you
