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Apportion the deferred gain from the initial 1031 exchange based on the two FMVs of the acquired properties as of their acquisition dates.
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Depending on the plethora of needed entries on the K-1s, how important is this?
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IrMn, that was fast! Are you watching me?
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On Sch E worksheet, check the box for "complete disposition." On K-1s, check the box for "Final" and then complete sales info on the second K1 input worksheet.
