I filled out the 8824, and sale of exchange 4797. Also checked deferred income. Program is taking both as taxable. Sch D does not reflect deferred income. confused
Thank you. What I found out was that the home sale worksheet line 17 asks if this is a 1031 answer yes. Footnote says if yes gain will not go to Schedule D BUT it did.
Are you trying to show 1031 exchange was used for a personal residence?