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October 15, 2024
Question

HELP 2023 Pennsylvania State Tax Return Doesn't Recogonize 1031 exchange of rental property

  • October 15, 2024
  • 1 reply
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Please help me! PA began allowing 1031 exhanges in 2023. However TurboTax doesnt reflect the 1031 exchange on the PA tax return, instead the PA return calculates it as a capital gain. I entered the 1031 exchange correctly in TurboTax and the 1031 exchange shows up correctly in the Fedral return , but not in the PA return. Can someone guide me on what to do here. I am trying to e-file the return today

Thanks in advance for your help!

1 reply

Employee
October 15, 2024
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