Hello, I sold 3 units in Colorado and purchased 2 in Honolulu. How do I file the 8824 forms to include the 3rd unit?

Forum|Forum|5 years ago
October 6, 2020
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TurboTax Live Self Employed

Best answer by Anonymous_

You might want to start with the thread at the link below, but note that TurboTax does not support (at least not very well) multi-asset (multiple parcels of real property) exchanges.

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-form-8824-allows-me-to-link-to-a-related-schedule-e-which-one-do-i-choose-relinquished-or/01/968495

I would suggest that you seek professional tax guidance and, actually, professional income tax return preparation for this transaction.

Anonymous_Answer

Level 15

You might want to start with the thread at the link below, but note that TurboTax does not support (at least not very well) multi-asset (multiple parcels of real property) exchanges.

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-form-8824-allows-me-to-link-to-a-related-schedule-e-which-one-do-i-choose-relinquished-or/01/968495

I would suggest that you seek professional tax guidance and, actually, professional income tax return preparation for this transaction.