turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kwanfam
New Member

For a 1031 exchange how do you enter a partial interest in the original property that was exchanged? Do you input the full amounts or partial interest amounts?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DDollar
Expert Alumni

For a 1031 exchange how do you enter a partial interest in the original property that was exchanged? Do you input the full amounts or partial interest amounts?

You would enter only the amount that represents your ownership interest.   For example, if it was a rental property that you owned half of and it was sold for $200,000 you would treat it like it was $100,000.

View solution in original post

1 Reply
DDollar
Expert Alumni

For a 1031 exchange how do you enter a partial interest in the original property that was exchanged? Do you input the full amounts or partial interest amounts?

You would enter only the amount that represents your ownership interest.   For example, if it was a rental property that you owned half of and it was sold for $200,000 you would treat it like it was $100,000.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies