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

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

LLC Partnership with Residential Rental Property 1031 Began 2021 Completed 2022

I believe that I read the IRS instructions correctly, that the entire 1031 transaction needs to be reported on my 2021's 1065, however TurboTax Business continues to give me error messages when I indicate the replacement property is acquired/put into service 3/1 of 2022. Did I misread the IRS instructions, or is this a glitch in TurboTax not allowing the 2022 date on my 2021 return?  

 

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 Reply

LLC Partnership with Residential Rental Property 1031 Began 2021 Completed 2022

it would seem to be a glitch since it would seem by your comments that the original property was sold in 2021 (form 8824 is due for 2021)  and the proceeds are being held by the exchange trustee.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies