I didn't like the very excuse from TT telling me to get it done from outside. Outside people were not smart either. Finally filed a complaint to Attorney General of California(Intuit's headquarters). Got their office of president working with me to get it all fixed.
I combined my replacement properties into one for this purpose as Turbo tax don't have the provision to enter it as two separate replacement property. I am able to get partial exemption for my 6 months of stay out of the last 5 years also.
I don't know how good my return it, want to use the full service of some other CPA as I am not very confident in terms of what I have is correct or not?
I don't like the very idea of combining two replacement properties as it will give me trouble in future. I have plan to do another 1031 exchange on the 2nd property in 2024 while the first replacement property I will keep it for longer term. Then how it will be done? There is very less guidance on 1031 exchange to do it via turbo tax.
1031 exchange itself was stressful(plus loss making for me in 2022) and now to file the tax return for that is so much problematic.
