1031 Exchange - Turbo Tax Desktop - how to enter the information?

[johnny_goochie]

How do I enter the information for a 1031 Exchange in the Turbo Tax Desktop (Home & Business) software?  I went to the business section and on the property I exchanged there is no where to select that I did a like-kind of exchange.  Please help!

[MinhT1]

You should enter the sales in the 1031 exchange section of TurboTax. Follow the interview and carefully answer all questions.

Please read this TurboTax Help topic for more information.

[johnny_goochie · Accepted solution]

This response was not helpful and the link you sent doesn't work for the desktop version of TurboTax.  I was able to figure out.  In the business section of Turbo Tax where you enter your rental property information, on the property your sold in the like-kind of exchange (1031).  Make sure your entry looks like this:

Then after you finish all your rental properties, on the business section at the bottom is this section.  Click on the sale of Business Property.

Now check the 2nd to last box at the bottom : Any like kind of exchanges.  Now you are set and simply answer the questions that follow related to cost basis and sale of your property.