Announcement

Collapse
No announcement yet.

Like Kind Exchange and Suspended Losses

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #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
    #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
    Primary Forum for posting questions regarding tax issues. Message Board participants can then respond to your questions. You can also respond to questions posted by others. Please use the Contact Us link above for customer support questions.

    Comment

    Previous template Next

    Disclaimer

    Collapse

    This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

    Working...
    X