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posted Oct 15, 2024 4:13:41 AM

HELP 2023 Pennsylvania State Tax Return Doesn't Recogonize 1031 exchange of rental property

Please help me! PA began allowing 1031 exhanges in 2023. However TurboTax doesnt reflect the 1031 exchange on the PA tax return, instead the PA return calculates it as a capital gain. I entered the 1031 exchange correctly in TurboTax and the 1031 exchange shows up correctly in the Fedral return , but not in the PA return. Can someone guide me on what to do here. I am trying to e-file the return today

Thanks in advance for your help!

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1 Replies
Level 15
Oct 15, 2024 6:47:18 AM