I sold a rental property through a like-kind exchange (1031) and purchased 2 properties. How can I add both purchased properties in TT for this 1031 exchange? TT allows me to add one property, but I cannot see how to add the second property.

Forum|Forum|3 years ago
April 10, 2023
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AmyC

Employee

1. The 1031 exchange requires Form 8824 for each new property and by prorating the original property. If you need help in determining the basis for the new properties, you can see another post of mine here.

2. To add another rental property, you will simply select Add another property from the summary screen.

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I sold a rental property through a like-kind exchange (1031) and purchased 2 properties. How can I add both purchased properties in TT for this 1031 exchange? TT allows me to add one property, but I cannot see how to add the second property.

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