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Get your taxes done using TurboTax
I sold rental properties in 2021 and did a 1031 exchange. Since I am not supposed to check the box "I sold this property", where should I indicate that "I gave the property away"?
On a separate note, I have sold 3 properties and purchased 2 houses, so can Turbo Tax Premier handle such a complex 1031 exchange? Some of the leftover funds from the first exchange were utilized in the second exchange, so I am not sure how to make it clear.
March 12, 2022
2:27 PM