@Lee11 wrote:
You also have no basis for depreciation of this property.' Is there a bug in the software?
That is possible but it is more likely that the program simply does not have the requisite information to provide a detailed and correct response (as opposed to the canned response).
Regardless, if you are using a desktop version of TurboTax, and you should be if you have a 1031 exchange to report, then ignore the Step-by-Step language and concentrate on what is entered on your Form 8824.
