failed 1031 exchange

[Dan2023a]

how do I file a failed 1031 exchange in TurboTax

Thank you

[Anonymous_]

You might want to post more details.

Did it span tax years? Did you do an installment sale instead?

See https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/failed-1031-that-cros...

[Dan2023a]

in 05/01/2023 I sold my rental and tried to do 1031 exchange. I did identify some properties, but the exchange failed, and I did not get fund from a qualified exchange intermediary until 10/29/2023.

How do I file the failed 1031 exchange using premier turbo tax?

Thank you

[RobertB4444 · Accepted solution]

A failed 1031 exchange is just a sale of your rental property.  When you go in to enter information about the rental this year there will be a question asking whether you sold the rental this year.  You'll answer yes.  Then enter the information about the sale.  If you made a profit on the sale you'll pay taxes on the profit.

@Dan2023a