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tony_phu
New Member

1031 exchange with multiple replacement properties and cash boot

Hi,

 

I sold a rental property in November 2019 and its entire proceed went to a qualified 1031 exchange.  I then identified 2 replacement properties within 45-day identification period and closed the two replacement properties before the 180-day period.  At the end of 180-day, I also received some cash boot left over.  How can I file multiple replacement properties and cash boot with Turbo Tax.  TT seems to allow me to enter one replacement property only.  Any help is greatly appreciated.

 

Thanks,

 

Tony

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1 Best answer

Accepted Solutions

1031 exchange with multiple replacement properties and cash boot

These transactions can be entered into TurboTax, but the entries almost always required the use of Forms Mode. You might want to contact Support (link below) as they have been successful in walking users through the entry process in some instances.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

 

There are also several threads on this board which you may want to peruse (see the two links below and use a search engine for several others).

 

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-completely-rep...

 

https://ttlc.intuit.com/community/taxes/discussion/re-1031-exchange/01/1347502#M487704

View solution in original post

1 Reply

1031 exchange with multiple replacement properties and cash boot

These transactions can be entered into TurboTax, but the entries almost always required the use of Forms Mode. You might want to contact Support (link below) as they have been successful in walking users through the entry process in some instances.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

 

There are also several threads on this board which you may want to peruse (see the two links below and use a search engine for several others).

 

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-completely-rep...

 

https://ttlc.intuit.com/community/taxes/discussion/re-1031-exchange/01/1347502#M487704

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