Sales of business asset

[rona77]

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

[MDEA]

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?

[rona77]

Sale of asset

A charter boat under section 1051

[JON]

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.

[TAXNJ]

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?

[MDEA]

Business Asset

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