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Get your taxes done using TurboTax
@kashblack1953 wrote:Per usual, TurboTax seems to give zero relevant help here.
TurboTax is not really set up for multiple asset exchanges. However, you most likely do not want to lump the properties together since it will make selling separate parcels difficult (probably better to allocate).
You must decide how you are going to proceed with depreciation going forward (elect out or not).
See https://www.1031.us/PDF/Depreciationof1031.pdf
‎December 26, 2022
1:46 PM