singh
Level 7
12-07-2019
07:10 AM
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My client sold one of his rental homes for $570,000 (basis was $410,850) and bought another rental house for about the same price. He qualifies for 1031 exchange.
When I enter the sales price on "Asset Entry w/sheet" there is capital gain tax.
Will it be correct to NOT to enter the sales price on the worksheet?
Any help will be greatly appreciated.
Solved! Go to Solution.
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