Announcement

Collapse
No announcement yet.

Sales of business asset

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Sales of business asset

    Sale of business asset & want to defer gain to the purchase of a new business asset. My new software doesn't have a place to put this

    #2
    sales of business assets

    Are you talking about a 1031 exchange or trading in one asset for another.You can not just defer the profit. What type of assets?

    Comment


      #3
      Sale of asset

      A charter boat under section 1051

      Comment


        #4
        Trade

        Do you not need a trade and or a third person handling the transaction. Had one in Fla and it was handled by a broker and an attorney. It seemed like normal activity there.

        Comment


          #5
          Originally posted by rona77 View Post
          Sale of business asset & want to defer gain to the purchase of a new business asset. My new software doesn't have a place to put this
          A professional software package should handle that. Have you tried contacting technical support?

          Another option is to manually populate the forms in the software. Have you tried that?
          Always cite your source for support to defend your opinion

          Comment


            #6
            Business Asset

            It must be a trade in or a 1031 exchange. Can not be two separate transactions.

            Comment

            Working...
            X