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Get your taxes done using TurboTax
I have the same issue. After completing "Sale of Business Property" entering all the 1031 info , I go and add the new rental.
However when I try to add the house under "Add Expense or Asset" and selecting "I acquired this rental through a like-kind exchange" it tells me to "Gather like-kind information" and kicks me back to the summary for the new property.
How can i add the new property as an asset?
‎February 23, 2023
7:52 AM