Multiple rentals for a single rental 1031 exchange can't be done with the online version of TurboTax. You would need to use the desktop version of the program so you can go into forms mode and manually enter data. I would forwarn you to be very, very careful though. While you can do this is forms mode, if you force any "overrides", then you will not be able to e-file. You'll have to print, sign and mail the return.

Anonymous_

Employee

@Carl11_2 wrote:

.....you can go into forms mode and manually enter data. I would forwarn you to be very, very careful though. While you can do this is forms mode, if you force any "overrides", then you will not be able to e-file.

Even if no overrides are entered in Forms Mode, e-file will not be available.

The return will have to be printed, signed, and mailed due to the requirement that a statement be attached to the return.

Carl11_2

Employee

the requirement that a statement be attached to the return.

Forgot about that. So you're mailing the return any way you go.

SushilKArora

Hello

How do I use this software to report a sale of my share (2%) in a property, a Rental Office Bldg, in which I invested via 1031 exchange using form 8824, and for which I received Sch. K-1 final (Form 1065) ? This property was bought 10 yrs ago and was run by an LLC.

Thank YOU so much!!

Critter-3

The exchange was taken care of in the past when it was done ... now all you have to deal with is the sale of the partnership interest and entering the final K-1 form. Now if you are unsure of how this works the TT DIY program may not be right for you this year so either upgrade to one of the LIVE versions if you need help or use a local tax pro.