My father deeded over a commercial rental building to my brothers and me on 12/18/2002 with a life estate to himself. We sold the property on 9/30/2022 and are in the process of doing a 1031 exchange. We have already closed on one property (2/1/2023) and are still in the due diligence period for another property which should wipe out our 1031 money. We received a 1099-s which states $0.00 in box 2. If you could guide us on where in TurboTax to fill in the areas needed. We are needing to take advantage of the 1031 exchange and maintain the Step-up in basis while our father is still alive. Your help would greatly be appreciated.
