topic failed 1031 exchange in Get your taxes done using TurboTax

failed 1031 exchange

Dan2023a — Tue, 10 Feb 2026 10:34:03 GMT

how do I file a failed 1031 exchange in TurboTax

Thank you

Re: failed 1031 exchange

Anonymous_ — Wed, 28 Feb 2024 14:06:35 GMT

You might want to post more details.

Did it span tax years? Did you do an installment sale instead?

See https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/failed-1031-that-crosses-tax-years/00/2601882/page/2

Re: failed 1031 exchange

Dan2023a — Thu, 29 Feb 2024 03:59:54 GMT

in 05/01/2023 I sold my rental and tried to do 1031 exchange. I did identify some properties, but the exchange failed, and I did not get fund from a qualified exchange intermediary until 10/29/2023.

How do I file the failed 1031 exchange using premier turbo tax?

Thank you

Re: failed 1031 exchange

RobertB4444 — Fri, 01 Mar 2024 00:30:22 GMT

A failed 1031 exchange is just a sale of your rental property. When you go in to enter information about the rental this year there will be a question asking whether you sold the rental this year. You'll answer yes. Then enter the information about the sale. If you made a profit on the sale you'll pay taxes on the profit.

@Dan2023a