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Level 3
posted Apr 22, 2020 8:28:12 PM

Problem with Different Property Given Up screen in 1031 exchange

I am entering the information for my 1031 exchange and when I come to the "Different Property Given Up" screen, I answer no, but it still takes me to another screen where it wants me to enter what I received in addition to the first property or cash. It won't let me go past this screen. The error message says it must add up to $53,342.  

 

I sold a property for $511,900 and bought a new one for $575,000. I didn't have any other different property included in the transaction except for the $850 exchange company fee. The loan for the new one was higher than the loan for the old one. 

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1 Replies
Level 15
Apr 25, 2020 8:16:17 AM

I cannot reproduce your results with only the figures you have provided. If you are still experiencing difficulty, you might want to contact Support (link below) during regular business hours.

 

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