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Updated almost 2 years ago,
How to report 1031 exchange on tax returns
I am wondering if there is anyone on this site who can advise me on how to fill out forms to report a 1031 exchange for 2020. We sold 2 houses and purchased 1 by doing a 1031 exchange. I know I have to fill out 8824 and 4797. I'm not sure if I can put both properties relinquished on the same form 8824. How do I calculate the basis of properties relinquished?