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Level 2
December 22, 2021
Solved

Like Kind Exchange

  • December 22, 2021
  • 1 reply
  • 16 views

I have read all the info on how to search for a "Like Kind", then hit "Continue", or "Bring me to the form". 

 

Unfortunately, the 2021 version doesn't have that link (yet?).  Maybe it still needs to get updated?

 

I get all the help, but no link.

 

Any ideas?

    Best answer by DoninGA

    @Senator1 Using the TurboTax 2021 Premier edition -

    Click on Federal Taxes

    Click on Wages & Income

    Click on I'll choose what I work on

    Scroll down to Business Items

    On Sale of Business Property, click on the start or update button

     

    The following screen will have a list of selections.  Check the box for Any additional like-kind exchanges (section 1031)

    1 reply

    Level 15
    December 22, 2021

    Which version of TurboTax are you using?

     

    I have TurboTax Home & Business installed and when I enter "like kind" in the search box, the program takes me to the screen below. Try entering only the two words, "like kind", without a hyphen and not followed by "exchange".

     

    Senator1Author
    Level 2
    December 22, 2021

    I am using TurboTax Premier 2021.  I do not get the like to "go to" the correct place.  Maybe it is a bug?

     

     

     

    .

     

    Senator1Author
    Level 2
    December 22, 2021