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October 1, 2024
Question

Deferred gains entry

  • October 1, 2024
  • 1 reply
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Did 1031 exchange on property (A) to purchase property (B) and deferred capital gain of $10,000. Sold property (B). Where do I enter the original deferred gain of $10.000?

    1 reply

    October 1, 2024
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    MoAnnAuthor
    October 1, 2024

    Not quite the answer that I was looking for. After I input all of the information on the sale of Property (B) Form 4797 was generated. Do I add the 10,000 to gross sales on  line 20?

    October 1, 2024
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