How do i enter 2023 1031 exchange when exchanging one rental into two new rentals? Does Turbo Tax support multi-asset exchanges? Also i need to enter 1031 cashout that qulaified for homeowners exempti...
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How do i enter 2023 1031 exchange when exchanging one rental into two new rentals? Does Turbo Tax support multi-asset exchanges? Also i need to enter 1031 cashout that qulaified for homeowners exemption (2out 5 year rule) on the relinquished property
posted
May 7, 20245:39 PM
last updated
May 07, 20245:39 PM
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How do i enter 2023 1031 exchange when exchanging one rental into two new rentals? Does Turbo Tax support multi-asset exchanges? Also i need to enter 1031 cashout that qulaified for homeowners exemption (2out 5 year rule) on the relinquished property
Technically, the answer is that the program does not support multi-asset exchanges.
However, they can be done in desktop editions of TurboTax (see link below for reference).
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