Error in Calculating Like Kind Exchange basis

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  • peggysioux
    Senior Member
    • Sep 2006
    • 666

    #1

    Error in Calculating Like Kind Exchange basis

    There was an error in the calculation for the basis of like-kind property received in 2011. Rental was put into service in 2012. Should an amended return for 2011 be filed even if it would not change the end-result of 2011 or should I just set up with correct basis for 2012?
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