v54
New Member

Get your taxes done using TurboTax

What if its the other way around? I sold 1 and bought 3. How do I enter it into TurboTax?

After I enter in the new property and then put in that I acquired it through a like kind exchange --> Turbo Tax asks for Last year's depreciation schedule of the property I gave up, the basis of new property and Like-kind exchange tax forms.

How do I handle it if I sold 1 property and then bought 3? The 3 cost slightly more so I added some cash at closing.