Where do I enter a like-kind or Section 1031 exchange (Form 8824)?
by TurboTax•68• Updated 2 months ago
To enter a like-kind or Section 1031 exchange, follow these steps:
- Open or continue your return.
- Navigate to the like-kind section:
- TurboTax Online/Mobile: Go to like kind.
- TurboTax Desktop: Search for like kind (two words, no dash) and select the Jump to link.
- On the Any Other Property Sales? screen, select Any additional like-kind exchanges (section 1031) and select Continue.
- Follow the onscreen instructions. We'll fill out Form 8824 for you.
If you accidentally generate a Form 8824 that you don't need, you can delete it by repeating steps 1 and 2. This takes you to the Like-Kind Exchanges summary screen where you can delete the unwanted form.
More like this
- What is a like-kind (Section 1031) exchange?by TurboTax
- Where do I enter estimated tax payments in TurboTax Business?by TurboTax
- Where is Form 8949?by TurboTax
- Do I need to fill out or mail in Form 8949?by TurboTax