Get your taxes done using TurboTax

RobertB4444 · ‎February 29, 2024

A failed 1031 exchange is just a sale of your rental property. When you go in to enter information about the rental this year there will be a question asking whether you sold the rental this year. You'll answer yes. Then enter the information about the sale. If you made a profit on the sale you'll pay taxes on the profit.

@Dan2023a

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post