- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The 1031 exchange from a few years ago is irrelevant. Only the basis from the 1031 exchange and whatever it was reduced by for the years since the 1031 exchange is relevant. The basis will be entered and then you'll have the exclusion for the residential home. Make sure all of your basis figures in order.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 31, 2023
2:43 PM