The problem is that Turbo Tax does not account for like-kind exchanges for land. Land is certainly eligible for a like-kind exchange according to the IRS in this fact sheet.
Since this is late in the tax year, make an entry in one of these sections since it asks for the basis of property received to satisfy the program. This will not impact your return or any future returns if you decide to sell the property. Remember, you have a two-year holding period on the new piece of Farmland before you decide to do another exchange or else this event becomes taxable.
As a precaution, save the entire transcript of this thread on the outside chance this transaction is questioned. It shouldn't be but it is better to be safe than sorry. Turbo Tax stands by its positions and advice given.
@BB2000
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