Can i use this software to report a sale and purchase of rental property with a 1031 exchange?

[Carl]

I don't know if it applies to this specific transaction. But generally, when you dispose of a rental, that disposition doesn't include the vehicle. So when you have vehicle expenses claimed/associated with a rental and you sell that rental, the vehicle is marked/shown as "removed for personal use" and it's cost basis is not included in the sale of the rental property.  I assume this would be the same for a 1031 exchange.

[Anonymous_]

I do not see why anything would change with respect to the vehicle since it was not part of the exchange and it is still being used in connection with a rental property (albeit a different rental property).

[SushilKArora]

Hello

How do I use this software to report a sale of my share (2%) in a property, a Rental Office Bldg, in which I invested via 1031 exchange using form 8824,  and  for which I received Sch. K-1 final (Form 1065) ? This property was bought 10 yrs ago and was run by an LLC.

Thank YOU so much!! 

[Critter-3]

The exchange was taken care of in the past when it was done ... now all you have to deal with is the sale of the partnership interest and entering the final K-1 form.  Now if you are unsure of how this works the TT DIY program may not be right for you this year so either upgrade to one of the LIVE versions if you need help  or  use a local tax pro.