barrysafeer
Level 3
03-28-2022
11:50 AM
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I understand conceptually how a 1031 Like Kind Exchange works. My challenge is to know if I am doing it correctly in ProSeries. Help desk doesn't have subject matter experts to guide me through the process. I found one article on this forum but it doesn't help me be sure that I am doing it correctly. Anyone have a good step by step process? Main thing is that I want to be sure I am entering the proper basis for the new asset and carrying over the postponed gains correctly. Thank you in advance.
Best Answer Click here
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