topic Re: Like Kind Exchange in Get your taxes done using TurboTax

Like Kind Exchange

Senator1 — Wed, 22 Dec 2021 04:53:46 GMT

I have read all the info on how to search for a "Like Kind", then hit "Continue", or "Bring me to the form".

Unfortunately, the 2021 version doesn't have that link (yet?). Maybe it still needs to get updated?

I get all the help, but no link.

Any ideas?

Re: Like Kind Exchange

Anonymous_ — Wed, 22 Dec 2021 14:38:52 GMT

Which version of TurboTax are you using?

I have TurboTax Home & Business installed and when I enter "like kind" in the search box, the program takes me to the screen below. Try entering only the two words, "like kind", without a hyphen and not followed by "exchange".

Re: Like Kind Exchange

Senator1 — Wed, 22 Dec 2021 17:01:14 GMT

I am using TurboTax Premier 2021. I do not get the like to "go to" the correct place. Maybe it is a bug?

Re: Like Kind Exchange

Senator1 — Wed, 22 Dec 2021 17:02:54 GMT

Re: Like Kind Exchange

Senator1 — Wed, 22 Dec 2021 17:04:19 GMT

This is the version I am using.

Re: Like Kind Exchange

DoninGA — Wed, 22 Dec 2021 17:09:07 GMT

@Senator1 Using the TurboTax 2021 Premier edition -

Click on Federal Taxes

Click on Wages & Income

Click on I'll choose what I work on

Scroll down to Business Items

On Sale of Business Property, click on the start or update button

The following screen will have a list of selections. Check the box for Any additional like-kind exchanges (section 1031)

Re: Like Kind Exchange

Senator1 — Wed, 22 Dec 2021 18:17:07 GMT

That works.