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vlad1289
New Member

How to input the 1031 exchange into the software? I had one property that I sold and two properties that I purchased. There is no space to list two replacement homes

 
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2 Replies

How to input the 1031 exchange into the software? I had one property that I sold and two properties that I purchased. There is no space to list two replacement homes

contact support, but I believe Turbotax is not designed to handle multi-property exchanges. - it works if you treat both properties as one but the issue then becomes they need to be reported separately for schedule E for depreciation purposes and should you dispose of one but not the other


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How to input the 1031 exchange into the software? I had one property that I sold and two properties that I purchased. There is no space to list two replacement homes

You cannot do this using the ONLINE program at all  and  in the DOWNLOADED version you will need to make entries in the FORMS mode.  This is nothing the program handles well  so if you will have a refund then don't worry about filing by tomorrow and seek local professional assistance next week   or upgrade to the LIVE CPA option. 

 

If you want to try it yourself :  

 

To  continue in the desktop version see this…….
https://ttlc.intuit.com/questions/1901476-how-do-i-switch-from-turbotax-online-to-the-turbotax-softw...

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