No, this is not a "bug". The instruction above is two years old and was developed as part of a long thread with other details. The program has evolved over time and your situation may be different from that of the original poster.
Exactly how you should report the sale of a business property that was acquired in a 1031 exchange, but is not in a current 1031 exchange depends on whether that property is listed as a rental on your tax return.
If the property sold is listed in a rental schedule on your tax return, you indicate in that section that you sold the property. The questions about the disposition come up toward the end of the rental section.
If this is not a current rental:
- Go to Federal.
- Select Wages and Income.
- Select See all income.
- Select Other business situations.
- Select Sale of Business Property
- Click Start to the right.
- On this page, you have to select the best option that matches your situation. Most likely it will be the first option, Sales of business or rental property that you haven't already entered.
- Use the next screen to report the details of your sale.
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