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posted Jul 3, 2020 1:08:17 PM

How do I enter 1031 rental prop exchange? I'm using the online version; see no options in property sale- deductions area, etc. I sold one and used proceeds to

used proceeds for down payments on two new rentals.

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1 Best answer
Level 15
Jul 3, 2020 2:38:26 PM

Type "like kind" into the search box, click the magnifying glass icon, and then click the Jump to like kind link.

 

Hopefully, you used an exchange facilitator (intermediary) and the transaction otherwise qualifies for deferral. 

 

Also, please be advised that a transaction of this type is more easily handled with one of the desktop (installed) versions of TurboTax than it is with one of the online versions. 

1 Replies
Level 15
Jul 3, 2020 2:38:26 PM

Type "like kind" into the search box, click the magnifying glass icon, and then click the Jump to like kind link.

 

Hopefully, you used an exchange facilitator (intermediary) and the transaction otherwise qualifies for deferral. 

 

Also, please be advised that a transaction of this type is more easily handled with one of the desktop (installed) versions of TurboTax than it is with one of the online versions.