Gary221
Returning Member

Get your taxes done using TurboTax

Hello Amy, thank you for the simple yet very information about calculating cost basis for acquired properties. I am currently using the online taxpro premier version and do not have option to add second acquired property in single exchange. Do I need to download the desktop version and complete worksheet? Or is there another way with online version?

 

Also, I sold one of the acquired properties within a year of the exchange (at a loss). Is there a way to link this property to the above exchange in turbotax? If so, I would greatly appreciate information on how to do this.

 

Lastly, I'm absolutely fine with purchasing the desktop version if need be. 

 

Thanks once again!

 

-Gary