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1031 Exchange where one rental exchanged for two new ones. Can I put all on same 8824?

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Level 2

Cx did 1031 exchange through intermediary and I want to prepare 8824. I have reviewed the Proseries article "1040: Completing a Like-Kind Exchange of Business Property (1031 exchange)". Guidance works for me.

I just want to include the trade on one 8824, I think I can do this if the same type of property was relinquished and acquired. One rental home traded for two DST rental units.  Is that okay? Then I will create 4 new assets I believe.

 

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Level 15

Yes.  You need to attach a schedule detailing the necessary details property by property.  I do it in excel.

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches

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Level 15
Level 15

I had a 1 for 4 back in 2017...thats how I did it. 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Highlighted
Level 15

Yes.  You need to attach a schedule detailing the necessary details property by property.  I do it in excel.

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches

View solution in original post

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Level 2

Great! That works! I appreciate it!!

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