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8824

sillysyl
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

 

 

 

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1 Best Answer

Accepted Solutions
Just-Lisa-Now-
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♥¸¸.•*¨*•♫♪

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2 Comments 2
Just-Lisa-Now-
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♥¸¸.•*¨*•♫♪
sillysyl
Level 2

Thank you

 

using pro series professional