Like Kind Exchange and Suspended Losses

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  • cpabsd
    Junior Member
    • Apr 2007
    • 7
    #1

    Like Kind Exchange and Suspended Losses

    Client did a like kind exchange where 4 rental properties were exchanged for two new rental properties. No real problems calculating for that. My question is about the Suspended losses of the 4 properties given up. Do those suspended losses carryover to the new properties? Thanks for any guidance.
    Tags: None
    • Gene V
      Senior Member
      • Jun 2005
      • 1057
      #2
      According to the previous post on this subject-they do

      Main Forum / Tax Discussion - TMI Message Board
      http://www.thetaxbook.com/forums/showthread.php?t=1607&highlight=suspended+loss
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