RichardS77
Level 4
04-09-2022
06:40 PM
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I have the same issue. I'm following the the article but the system is not calculating the new basis correctly and is not deferring the gain.
My case is a rental property sold for 400,000 and exchanged it for a property worth 340.000. I din't think you had to be equal or greater than the replacement property. What am I missing?