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How do I enter a 1031 exchange involving 2 relinquished properties for 1 acquired property using Turbo Tax Business?

I am using Turbo Tax Business.  I sold 2 like-king real properties and purchased 1 acquired like-kind property in a 1031 exchange.   After several attempts, the resulting 8824 forms seem to write over each other corrupting dates and entries.  Please provide a step by step process to enter both relinquished properties in form 8824 for one acquired property with Turbo Tax.

 

Thank you very much,

    Erik

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RobertB4444
Expert Alumni

How do I enter a 1031 exchange involving 2 relinquished properties for 1 acquired property using Turbo Tax Business?

Here is the quick form on filling out a 1031 exchange.

 

@erikhedberg 

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4 Replies
DaveF1006
Expert Alumni

How do I enter a 1031 exchange involving 2 relinquished properties for 1 acquired property using Turbo Tax Business?

To clarify, are you filing a 1065 (Partnership), 1120S (S-Corp return), 1041 Trust/Estate, or 1120 Corporate return?

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How do I enter a 1031 exchange involving 2 relinquished properties for 1 acquired property using Turbo Tax Business?

Hi Dave,

   Thanks for your reply.  I am filing 1120S S-Corp 

 

Thanks,

   Erik

RobertB4444
Expert Alumni

How do I enter a 1031 exchange involving 2 relinquished properties for 1 acquired property using Turbo Tax Business?

Here is the quick form on filling out a 1031 exchange.

 

@erikhedberg 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do I enter a 1031 exchange involving 2 relinquished properties for 1 acquired property using Turbo Tax Business?

Thank you Robert!!  I will check that out!!

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