VPBC1
Level 3
04-05-2022
07:46 PM
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Rental condo in a 1031 exchange. Gain is being calculated on 4787 and on to 1040. Gain should not be recognized but reduce basis in new property. How do I get rid of the gain. Should flow to 8824 like kind exchanges in my view. Need help checking the boxes and with forms.
Virgil
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