abctax55
Level 15

Lisa... if your client's replacement property(s) FMV isn't equal to or greater than the FMV of the property sold, some or all of the gain will be recognized.  I asked the question earlier in the thread but I'm still not sure that is the case in your situation.

Former Chump..oops..AllStar...I used to be a people person, then people ruined it


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