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March 31, 2025
Question

Sale of Business property and 1031 exchange

  • March 31, 2025
  • 1 reply
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TurboTax tells me to "complete like-kind exchange area of interview found under 'Sale of Business Property' topic. A pop up window says "To find a specific tax topic or form, enter your tax topic or form number in the search field at the top right of your screen, and then select Find."  When I click on the search bar, I'm asked to sign in and get the robot helping me, but it never heard of these topics.  My version doesn't allow for talking to a human.  Does anyone know what I'm supposed to do as far as the "area of interview"?

    1 reply

    April 2, 2025

    In the Rental Property section, you must Add a New Asset- New rental property.  You will see a screen that asks How did you acquire this property?- this is where you indicate the Like-Kind Exchange (see below).