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LIKE KIND EXCHANGE 2019

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Level 1

I'm reporting a like kind exchange in 2019 of real property comprised of building and land.  I keep getting a critical diagnostic message about the TCJA that exchanges after 12/31/17 are only allowed for real property held for investment.  The message link takes me to the "Land" portion of the exchange.  I can't figure out how to extinguish this message since land is definitely part of the exchanged property that was held for investment (for 11 years).  Thank you.

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3 Replies 3
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Level 15
It is just a warning to be sure you are NOT trying to do an exchange on a auto, or other Non RE property. Ignore it and go on.

ex-AllStar
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Level 1

Thank you!

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Level 1

This is still a problem as the Critical Diagnostic will not let your efile.  There is a note that states that a property code needs to be input.  Where is the hidden property code???

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