mkcpa
Level 1
06-02-2020
01:51 PM
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I'm reporting a like kind exchange in 2019 of real property comprised of building and land. I keep getting a critical diagnostic message about the TCJA that exchanges after 12/31/17 are only allowed for real property held for investment. The message link takes me to the "Land" portion of the exchange. I can't figure out how to extinguish this message since land is definitely part of the exchanged property that was held for investment (for 11 years). Thank you.
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