like kind exchange on vehicle

[grandmabee]

can someone double check my numbers because I can't get the form to work on ATX

cost on old vehicle  34712 less accul. deprec. 21512 = 13200 Adjusted basis

new vehicle cost 61.837

trade in allowance 10,000.

8824 form is showing new  vehicle basis as 13,200

I must be missing something on the input.  Any help would be appreciated.

 

[rfassett]

It sounds like you have not told ATX how much cash or loan the taxpayer is putting into the deal.  The worksheet is in the fixed assets module.  If you do not have that, I am not sure where it goes.

The fixed asset module has three input screens for the like-kind exchange:  Disposition Info; Exchange Info; Replacement Asset Info.  You will find the missing piece to your puzzle in there.