I have a situation that falls under Rule#4. I am selling a house for $1,050,000 with an adjusted cost basis of $550,000 and have taken $89,000 in depreciation. I have a $284,000 mortgage. I will net $714,000 from closing and want to do a partial 1031 putting $500,000 into a 1031DST and take the remaining in cash. I have all the funds going to a QI from closing. For the life of me, I cannot figure out how to input this into Turbo Tax. Any help here, or should I just do a manual override. Or, just hire a CPA? Seems like this is over TurboTax's head. Any help would be appreciated.
