michaelmars Posted October 13, 2009 Report Posted October 13, 2009 anyone know how to report this? client received the money and has to report the transaction but he has 3 years to get replacement property. i don't see how or where i make the election and if i have to override the gain number do i do it on the 4797 or the sch d to which it flows. i know about the required statements needed etc, i just don't know how to make it workin atx. Quote
michaelmars Posted October 13, 2009 Author Report Posted October 13, 2009 forget it i got the answer, not reportable on 4797 and atx has the required disclosure in the election statments Quote
mcb39 Posted October 13, 2009 Report Posted October 13, 2009 forget it i got the answer, not reportable on 4797 and atx has the required disclosure in the election statments It is always a big Hurrah when you find the answer yourself. It is also amazing how many elections, etc are to be found at the bottom of some of the forms pages. Often, we forget to look. Quote
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