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Senator1
Level 1

Like Kind Exchange

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?

1 Best answer

Accepted Solutions
DoninGA
Level 15

Like Kind Exchange

@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)

View solution in original post

6 Replies
tagteam
Level 15

Like Kind Exchange

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".

 

Untitled.png

Senator1
Level 1

Like Kind Exchange

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

 

 

 

.Screenshot 2021-12-22 115839.png

 

Capture.JPG

Senator1
Level 1

Like Kind Exchange

Capture.JPG

Senator1
Level 1

Like Kind Exchange

This is the version I am using.

 

Screenshot 2021-12-22 120332.png

DoninGA
Level 15

Like Kind Exchange

@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)

View solution in original post

Senator1
Level 1

Like Kind Exchange

That works.

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