msmarco
Level 1
07-17-2023
01:51 PM
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I realize that, my question is regarding filling out the 8824. Where it asks for the FMV of the like-kind property received and it's mortgage assumed, I have one large property that was received in exchange for 5 smaller properties.
So, I was going to just split the FMV of the property received between the 5 given up equally.
Any thoughts?