Screen WI8824 - Wisconsin Like-Kind Exchanges (1065)

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General Information

Treatment
Information entered in this field determines where information displays on the Wisconsin versions of Form 4797 or Schedule D.
The F4 fieldview displays each force code. Either enter these codes directly or select them from the fieldview. Note that detailed asset data entry automatically enters the appropriate code based on the nature of the asset. Override the code that the application enters, if desired. Federal code M isn't applicable for Wisconsin, and the application treats it as code L.
Does not qualify for installment sale treatment
Enter
X
to indicate that a current-year installment sale doesn't qualify for installment sale treatment for Wisconsin purposes. If
X
is entered, the installment sale information is disregarded and the entire gain / loss transfers to the return.

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