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April 16, 2022
Question

Re 1031 Exchange, "These values must add up to"

  • April 16, 2022
  • 1 reply
  • 0 views

I am struggling through the 1031 Exchange. Making progress but getting speed bumped every where. 

In any case,

I get a notice in RED "Based on your previous entries for items exchanged, these values must add up to at least $#####."

 

Help!!! I'm dying here.

 

Screen shot

Fair Market Value of other property received.   (I Didn't receive any other property )

Promissory(or installment) note received           (I didn't receive a promissory note)

Cash received                                                          (I didn't receive any cash)

    1 reply

    VTCROBAuthor
    April 16, 2022

    The more I get stressed on this, the more the wife feeds me. I gain 25lbs every tax season. This is definately a 35-45lbs season