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Updated over 5 years ago on . Most recent reply presented by

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17
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6
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Eugene Cheng
  • Rental Property Investor
  • Bay area, CA
6
Votes |
17
Posts

Tax software that supports "121 exclusion" in 1031 exchange

Eugene Cheng
  • Rental Property Investor
  • Bay area, CA
Posted

Hi 

Anybody is aware of software tax service that supports section 121 exclusion for the tax-free boot? specially the property relinquished was my home in the last 2/5 years period. I have been using Turbotax for my returns but I couldn't figure out how to get Turbotax understand this specific 121-exclusion, even their supports can't figure that out either.

I am reaching out to CPAs but I still wonder if such software exists?

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