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Where do I enter a like-kind or Section 1031 exchange (Form 8824)?

by TurboTax68 Updated 2 months ago

To enter a like-kind or Section 1031 exchange, follow these steps:

  1. Open or continue your return.
  2. 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.
  3. On the Any Other Property Sales?  screen, select Any additional like-kind exchanges (section 1031) and select Continue.
  4. 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.