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June 3, 2022
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I have a like kind exchange of rental property that is getting double counted....form 4797 and again om form 8824

  • June 3, 2022
  • 1 reply
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How to I removed the detail of the rental property that was exchanged from form 4797?
Best answer by Anonymous_

You need to go back through the Sale of Business Property section again and delete the details of the transaction that involve a gain.

 

You should not have a Form 4797 in your tax package from this transaction unless there was boot.

1 reply

Employee
June 3, 2022

You need to go back through the Sale of Business Property section again and delete the details of the transaction that involve a gain.

 

You should not have a Form 4797 in your tax package from this transaction unless there was boot.