- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Sometimes Lacerte input requirements befuddle me...
I did a 1031 exchange in 2019 but the schedule E associated with exchanged the property proforma'd to 2020. I can select "delete this year" in the 2020 version but should I have selected "delete next year" in 2019.
I just need input guidance on the correct method. Does it matter which way it is done?
TIA - we are all about to get really busy - again.
Solved! Go to Solution.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If you had selected 2=delete next year on the 2019 return, it wouldn't have been proforma'ed to 2020.
In the 2020 return, you can simply select 1=delete this year and Lacerte will ignore what's in that activity.
Still an AllStar
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you for your response. I am taking from this that either method is acceptable and correct.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
NP, @pat. Works either way.
Still an AllStar
