Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

what forms required for 1031 exchange

kuluibob
Level 1

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

Labels (1)
0 Cheers
3 Replies 3
Just-Lisa-Now-
Level 15
Level 15
kuluibob
Level 1

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. 

0 Cheers
qbteachmt
Level 15

Are you trying to show 1031 exchange was used for a personal residence?

*******************************
"Level Up" is a gaming function, not a real life function.