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New Member
posted Jan 30, 2023 3:46:55 PM

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 .... 

0 2 280
2 Replies
Level 15
Jan 30, 2023 4:48:52 PM

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

Employee Tax Expert
Feb 6, 2023 10:14:45 AM

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