I have sold my single-family rental property thru IRS 1031 Exchange process; and purchased a single-family rental property (like-kind) within 45 days.
Turbo Tax Premier desktop is asking me to complete the subject Smart Worksheet for the UNlike Kind Property, which I do not have. As a result, I have error message on Form 8824.
How do I workaround removing the error message?
Go back through your entries and make sure that you did not put an entry in the wrong box.
I went ahead and reviewed all entries required on Form 8824 based on my situation. I entered using the help on Form 8824 to make sure I am entering the data correctly.
After reviewing for the 3rd time, there is still an error - asking me to complete UNlike-kind property given up. I do not have UNlike property. Only like-kind property given-up (single family rental property).