Discussion:1031

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Discussion Forum Index --> Advanced Tax Questions --> 1031
Discussion Forum Index --> Tax Questions --> 1031

BREZCPA (talk|edits) said:

9 October 2007
My client gave up property A for ($500,000 FMV) in 12/06 and property B for ($500,000 FMV) in 1/07. He received property C in 3/07 ($900,000 FMV) and property D ($100,000 FMV)in 3/07.

Can I report this transaction as a single transaction on form 8824 for 2006?

Larry0434 (talk|edits) said:

9 October 2007
Has he filed his 2006 return?

Larry0434 (talk|edits) said:

9 October 2007
Did all the transactions go thru the same accomodator?

BBTAX (talk|edits) said:

9 October 2007
He did not file his 2006 return yet (on extension) and did use the same accomodator.

BBTAX (talk|edits) said:

9 October 2007
Sorry for the 2 usernames, am new to this.

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