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Deferred gain on a like kind exchange. How do you report this on sale of current asset?

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Level 1
An asset was acquired in a like kind exchange. There was deferred gain at the time.  Now with the 2018 rules, you treat the asset as a sale when again traded in.  How do you enter in Proseries, the defered gain from first trade (Basis/Depr, etc)?
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Level 15

There is no deferred gain under the new rules unless it is for the sale of real estate.  I you trade an asset, you in effect sold the asset and you report any gain.  The old deferred gain was treated as an adjustment to basis so there isn't anything additional to be done with it.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Highlighted
Level 15

There is no deferred gain under the new rules unless it is for the sale of real estate.  I you trade an asset, you in effect sold the asset and you report any gain.  The old deferred gain was treated as an adjustment to basis so there isn't anything additional to be done with it.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Level 1
so, gain is ordinary upto deprecation on the asset that was traded and anything excess is then capital gain.  Depreciation on the previous trade in has no bearing??  
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Level 15
Depreciation does have a bearing.  It's just like you sold your equipment for cash and went out and bought a new piece of equipment for cash.
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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