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Level 1
Jan 30, 2023 11:46 PM UTC
Question

1031 exchange

When i input into TurboTax my information.. it kicks it out the wrong way. I should have a deferment of 480,000 from the exchange but the program is taxing me on the 480, 000 i am filling it out exactly as requested but what am i not doing .... 

2 replies

Mike9241
Level 15
Level 15
Jan 31, 2023 12:48 AM UTC

we can't see what you entered so there are many possibilities. contact support. 

Mike9241
AmyC
Alumni - Intuit
Feb 6, 2023 6:14 PM UTC

There are two ways to handle a 1031 and TurboTax can only use one method. See how at this link.

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