Thanks in advance to anyone who can walk me through this. I'm probably missing something very obvious.
Searching on TurboTax, it says that once I find "Like Kind" in search, and click the link, "This will take you to Any Other Property Sales? " Nope. It doesn't.
So I'm forced to do it manually. Looking at my old rental property, I did find where I could say I disposed of it, and I was able to put in the sales price and date.
But it never asks me if it was Like Kind, or any info abotu a property I bought with the proceeds.
Help!
I did go through the proper 1031 process. Sold the property in March 2021, had an agent record the 1031, identified the new property within 30 days, and closed on it less than a month later. Where do I link this purchase up to avoid the tax hit from the capital gains?
If it matters, I'm using QuickBooks on a Mac desktop.
