turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I sold my rental property and bought 2 rental properties in 1031 exchange. Turbo Tax does not seem to support receiving 2 rental properties. How do I do it in TT?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I sold my rental property and bought 2 rental properties in 1031 exchange. Turbo Tax does not seem to support receiving 2 rental properties. How do I do it in TT?

TurboTax does not support multi-asset 1031 exchanges fully in the interview mode so you need a desktop version of TurboTax so you can use Forms Mode. Even then, the program offers no guidance for this type of transaction.

 

Having said that, Support (link below) has been able to walk some users through the procedure so you might want to contact them during regular business hours.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

View solution in original post

1 Reply

I sold my rental property and bought 2 rental properties in 1031 exchange. Turbo Tax does not seem to support receiving 2 rental properties. How do I do it in TT?

TurboTax does not support multi-asset 1031 exchanges fully in the interview mode so you need a desktop version of TurboTax so you can use Forms Mode. Even then, the program offers no guidance for this type of transaction.

 

Having said that, Support (link below) has been able to walk some users through the procedure so you might want to contact them during regular business hours.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies