topic Can turbotax handle a 1031 exchange with selling one property and buying two? I know it can do one for one. in Deductions & credits

Can turbotax handle a 1031 exchange with selling one property and buying two? I know it can do one for one.

sctreidvegas-gma — Tue, 24 Feb 2026 07:01:35 GMT

Re: Can turbotax handle a 1031 exchange with selling one property and buying two? I know it can do one for one.

Anonymous_ — Thu, 31 Aug 2023 17:08:29 GMT

You have a multi-asset exchange.

See https://www.irs.gov/instructions/i8824#en_US_2022_publink12597kd0e204

The exchange can be reported using TurboTax, but you will have to resort to Forms Mode (available in the desktop versions of TurboTax (not the online versions). You will typically have to file a statement showing your calculations for realized and any recognized gain which usually means you will not be able to e-file with TurboTax.

Re: Can turbotax handle a 1031 exchange with selling one property and buying two? I know it can do one for one.

Critter-3 — Thu, 31 Aug 2023 17:08:45 GMT

Sort of .... YOU will need to make the required entries in the FORMS mode in the downloaded program and YOU must make all the calculations yourself ... the program will not help AND overrides in the forms mode will negate the TT accuracy guarantee and may keep you from efiling. So unless you are very familiar with the required entries/forms I highly recommend you seek professional help with this return.