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Level 1
January 30, 2023
Question

1031 exchange

  • January 30, 2023
  • 2 replies
  • 4 views

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
January 31, 2023

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

Mike9241
AmyC
Level 15
February 6, 2023

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

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