fesemagu
Level 3
02-17-2024
09:39 PM
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My Client sold the house that he inherited form his parents and use the proceeds to purchase two homes. How should I report this like exchange. Which forms should I use? --8824 or ?
FYI: The house was purchase in 1979 for $91,000.00 and sold for $1,180,000.00 in January 2023.
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