mike9
Level 4
12-07-2019
08:55 AM
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Client sold relinquished property October 2018 and the replacement property March 2019 within the 18o and 45 day windows.
How will I report this in pro series. One answer I got from a practitioner was to use the Installment sales but this may trigger recapture gains.
Second question if I may, the client sold and bought like kind Hotel which includes Furniture and equipment . Does such personal property also qualify as a 1031 exchange.
Thanks so much for your help
Mike
Solved! Go to Solution.
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