I recently completed a 1031 Exchange where I relinquished one rental property and then bought two replacement properties. Can I place the two replacement properties on one form 8824 in Turbo Tax when I do my 2023 taxes? And what Turbo Tax product is recommended for this?
Thank you.
TurboTax can handle your scenario, but you should plan on using a desktop (installed on a computer) version as you will most likely need to use Forms Mode.
Any desktop version can be used since all versions contain all of the tax forms and schedules..
Thank you for the reply.
If I use the Desktop product, will I still be able to e-file or would I need to print and mail the return?
You won't be able to e-file if you have to attach the required statement to your return.
See https://www.irs.gov/instructions/i8824#en_US_2022_publink12597kd0e204