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Investors & landlords
How do I enter a multi-asset 1031 Exchange on TurboTax? I sold 1 rental property in late 2016 and closed on 3 rental properties in early 2017.
After I enter in the new property and then put in that I acquired it through a like kind exchange --> Turbo Tax asks for Last year's depreciation schedule of the property I gave up, the basis of new property and Like-kind exchange tax forms.
How do I handle it if I sold 1 property and then bought 3? The 3 cost slightly more so I added some cash at closing.
After I enter in the new property and then put in that I acquired it through a like kind exchange --> Turbo Tax asks for Last year's depreciation schedule of the property I gave up, the basis of new property and Like-kind exchange tax forms.
How do I handle it if I sold 1 property and then bought 3? The 3 cost slightly more so I added some cash at closing.
‎June 4, 2019
6:00 PM