@sriramganesan , I ask you again to describe the problem -- i.e. the scenario that you are trying have TurboTax solve --- just for your information ( and based on your last response to my request )
1. All of us here are volunteers and not TurboTax employees ( expert or otherwise )
2. We help users and have no direct or indirect interest in supporting or bad mouthing TurbroTax -- we just help people do their taxes using the product. We have no axes to grind either way
3. All of us are users of the product ( have been so for many many years ) and many are retired tax professionals ( myself included ).
4. I have personally held many rental properties, in different states and have sold / exchanged ( 1031 ) quite a few. And have found Intuit products ( TurboTax / Pro-series and Lacerte quite adequate for MY purposes and situations , not necessarily for all situations ). At the same I have no experience / knowledge of other tax software like TaxAct .
Please would you tell me your situation so I can simulate on my copy of the windows software . ?
Could you also tell me is you are US person ( citizen/ Green Card / Resident for tax purposes ). If resident , then country of citizenship ( as Tax treaty may be invoked ) and which state is the property ( ies ) in and where do you reside ( state tax purposes ).
regards,
pk
