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1031 Exchange Straddle 2 Years

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    #1

    1031 Exchange Straddle 2 Years

    When you have a 1031 Exchange that straddles 2 years, which year is the exchange reported on 1040? The property was sold in October of 21 and the new property was picked up in February of 2022. do I report it in 2021 or 2022?
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    #2
    Does this help?

    https://www.exeterco.com/reporting_1...r_income_taxes

    also, this from an earlier post (July 2022)

    see the link below page 3. Does that help?

    https://www.1031corp.com/hubfs/docs/...ng%20Guide.pdf
    Last edited by TAXNJ; 08-21-2022, 04:20 PM.
    Always cite your source for support to defend your opinion

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