sold 4 unit apt bldg 9/11/2020.
owned for 21 yrs and 5 months.
windfall $516,165K
purchased 3 like kind properties.
1) purchased one DST, 55over complex for income only. $160K on 10/9/2020
i receive some documents. no 1099 and 1098.
there are figures include income, depreciation, and amortization. and copies of the DST's schedule E and Form 4562
2)purchased one DST, it includes 4 different apartment complexes, for income only. $150k on 10/27/2020
i received 4 separate 1099's and 1098's
3)purchased condo for year round rental. $183,543(includes costs) on 11/17/2020
physical real estate for hopes of one day to convert to personal use. i think at least 2 years.
began $73K in renovations in 2020. completed February 2021. (90 days)
4) received boot for $21,132 mid march 2021. costs associated with 1031 were $1490.
problems...
TT leads me to only complete one item for exchange after sale of 4 unit apartment bldg. i need 3, correct?
expenses from physical real estate are incurred in 2020 and 2021. will i need to deduct a portion in 2020 and the balance in 2021?
where does the income, received in 2021, for the boot get entered? do i include for 2020 or 2021?
thank you in advance. i've been using turbo tax for almost 25 years and i am stumped!
