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Get your taxes done using TurboTax
@randoodle wrote:Since TurboTax Premier is designed for rental properties, you would think there would be a question like "Did you dispose of this property through a like-kind exchange?"
You can actually link your rental asset information (if it exists in the Rentals section) to the data you enter in the 1031 (8824) section, but it does not appear to work very well. I suspect that might be the result of incomplete programming (TurboTax and ProSeries are similar and it appears as if these transactions are actually easier to enter into the professional software, but manual adjustments are typically required on the forms for certain, more involved, transactions).
March 6, 2020
11:12 AM