I did my first 1031 exchange last year and the QI handled the sale and purchase.
I have settlement cost on the sale and purchase that were factored into the 1031 Exchange proceeds.
I entered these costs into the worksheet for the 8824 EXCHANGE EXPENSES line item.
The question is, do I also enter these settlement cost line items into the expenses for each of the exchange properties?
No, the costs will be absorbed into the basis of the exchange property so you do not want to enter again.
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