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1031 EXCHANGE

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Level 1

When an exchange stars in one year and ends in another, How is it recorded?

Property Given 11/1/2019, New property identified on 12/13/2019, and new property received 1/9/2020.

Do you report the exchange in 2019 since it closed before the due date of the return?

Ken  [email address removed]

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Level 15
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Level 15

jinx

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Level 15

cokes


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Level 15

1) Don't post the same question twice.

2) See answers here, your FIRST post:

https://proconnect.intuit.com/community/practice-advice/discussion/1031-exchange-reporting/01/73345#...

Former Chump... umm.... AllStar.
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