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New Member
posted May 31, 2019 6:07:14 PM

Is there a way to enter a 2nd property as part of a 1031 exchange?

I completed a 1031 exchange where I sold two rental properties and used the proceeds to purchase a single replacement property.   I have not found a way to enter the sale of the 2nd property in Turbotax

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3 Replies
New Member
May 31, 2019 6:07:15 PM

Thank you

Level 9
May 31, 2019 6:07:16 PM

If you are not knowledgeable for how Form 8824 works, it may be best if you go to a tax professional this year.
<a rel="nofollow" target="_blank" href="http://taxexperts.naea.org/">http://taxexperts.naea.org/</a>

Level 15
May 31, 2019 6:07:17 PM

This will not be a simple entry and will most likely need direct entries in the FORMS mode if it can be done at all.

Contact TurboTax Customer Support for assistance in this situation.
Go to https://support.turbotax.intuit.com/contact/
>> Choose the product platform you are using.
>>  Ask a question or keywords without quotes, and Submit.
>>  On next page, skip the suggested articles if they don't help.
>>  Scroll down, and you should be able to enter the Support module to get a phone