It depends on whether there is something to fix. The realized gain and the deferred gain are not causing the loss amount you see in the Sale of Business Property. Sales of business property entered in other sections of the TurboTax interview will show up on the line that you see for Sales of Business Property. Thus, it could be that some business loss has been reported elsewhere and that amount(s), when combined with your 1031 exchange information results in a total loss. As an example of a loss that is reported elsewhere in TurboTax but would show up in the Sale of Business Property is any loss reported on a Schedule K-1.
Let us know if you have reported losses elsewhere in your return as that information will help us to better understand your tax situation.
@jepson23
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