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

8824

Highlighted
Level 2

I’m working on an 8824 my dilemma is that they have 109,000 of capital gains. I am unable to zero this out, is it possible? The property sold  for 195,000 cost base was 75,000. The property purchased for 244,000. 

I am thinking that I must be entering the numbers in the wrong spots. Any suggestions would be greatly appreciate it

 

Sillysyl

 

 

 

0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 15
Level 15

You didnt include what software youre using, but maybe this will help

https://proconnect.intuit.com/community/help-articles/help/1040-completing-a-like-kind-exchange-of-b...


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

2 Replies 2
Highlighted
Level 15
Level 15

You didnt include what software youre using, but maybe this will help

https://proconnect.intuit.com/community/help-articles/help/1040-completing-a-like-kind-exchange-of-b...


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

Highlighted
Level 2

Thank you

 

using pro series professional