@EvelyneSMitchell wrote:
I have a rental property given up, HUD statements for buying and selling the property (A). I did make a profit with the sale of property A.
I have a rental property received, HUD statements for buying and selling the property (B). I had a significant loss with the sale of property B.
These two statements are difficult to reconcile. If you did not use an exchange facilitator but, instead, merely sold one rental property and then purchased another in a situation where you were in actual or constructive receipt of the funds from property A, then there is no valid 1031 exchange; you have two separate transactions that do not qualify for deferred gain treatment.
Also, the online version (which appears in your profie) is not optimum; to report a 1031 exchange most users need Forms Mode which is only available in the desktop (installed) versions of TurboTax.
