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Updated 4 months ago,
IRS Form 8824 Review
Hello Tax pros,
I am planning on executing a 1031 Exchange (simple one - no boot, same owner, etc.) using IPX 1031 sometime over next couple of months (already had call with IPX) and had a question relating to my taxes on the potential upcoming transaction. I have been doing my own taxes my whole life (56 now) and have 5 rentals (don't want anymore) so i feel comfortable about 95% of the time when filling them out. I reviewed Form 8824 and after much research I generally feel comfortable completing the form as well as how to depreciate the carryover basis and additional (or excess) basis using either of the two allowable methods (general and simplified methods). However, I would like to know if I could pay someone to review my worksheets I create to complete the form and the depreciation calculations as well. Not looking to hand off my taxes but rather a consultation to review this piece when the time comes. I suspect when the time comes for a tax pro this would be an easy task. Regards. Dave