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Hi, I used 1031 exchange to sold 1 properties and purchased 2 properties, in the system looks like I can only do sell 1 buy 1, how can I do sell 1 buy 2? Thank you.

 
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MaryK4
Employee Tax Expert

Hi, I used 1031 exchange to sold 1 properties and purchased 2 properties, in the system looks like I can only do sell 1 buy 1, how can I do sell 1 buy 2? Thank you.

Unfortunately, TurboTax cannot do the multi-asset exchanges.  You can prepare your return and mail it with the required statement and report any gain as income in the correct income category.  

 

See Multi-Asset Exchanges:

 

Reporting of multi-asset exchanges. If you transferred and received (a) more than one group of like-kind properties, or (b) cash or other (non-like-kind) property, don't complete lines 12 through 18 of Form 8824. Instead, attach your own statement showing how you figured the realized and recognized gain, and enter the correct amount on lines 19 through 25. Report any recognized gains on your Schedule D (Form 1040); Form 4797, Sales of Business Property; or Form 6252, Installment Sale Income, whichever applies.

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