KMACK
Level 4
12-07-2019
03:34 AM
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abctax55
Level 15
12-07-2019
03:34 AM
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2018 ?
You don't. TCJA - 2017 did away with § 1031s for everything except real property.
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TaxGuyBill
Level 15
12-07-2019
03:34 AM
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And if your State still allows it, that would be done on the State return.
abctax55
Level 15
12-07-2019
03:34 AM
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I'd be sorely tempted to just opt out at the state level.
"*******Tax software is no substitute for a professional tax preparer*******
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TaxGuyBill
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12-07-2019
03:34 AM
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Minnesota still allows 1031 exchanges ... and for some reason none of my clients have "traded in" their vehicles this year. :wink:
abctax55
Level 15
12-07-2019
03:34 AM
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I like your style...
"*******Tax software is no substitute for a professional tax preparer*******
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KMACK
Level 4
12-07-2019
03:34 AM
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Thank you so much! I was driving myself crazy trying to figure out why Line 53 on the auto worksheet no longer linked to Form 8824.