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Business & farm
To enter your Like Like Exchange in TurboTax follow these steps:
- With your return open in TurboTax, search for like kind (2 words, no dash) and then click the "Jump to" link at the top of your search results.
- This will take you to Any Other Property Sales? Check the second-to-last box from the bottom for like-kind and section 1031 exchanges and click Continue.
- n the next screen, answer Yes and proceed through the interview questions. We'll fill out Form 8824 for you
This TurboTax link Where do I enter a like-kind or Section 1031 exchange (Form 8824)? has information you may find useful.
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March 13, 2022
5:45 PM