KrisD15
Expert Alumni

Get your taxes done using TurboTax

Here is a link for reporting the 1031 exchange in TurboTax.

 

You must adjust for the depreciation of the new rental when you enter the new rental, TurboTax does not compute that for you. 

 

No, you will not enter the 1099-S. 

@Sarah881

 

[Edited 2/21/2025 I 10:30am PST]

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