Can you report a Section 1031 exchange using ProSeries Basic?

Forum|Forum|4 years ago
March 15, 2022
1 reply
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Can I report a 1031 exchange using Basic, or do I need to transfer the return over to Professional?

I am sorry to ask - I cannot find the solution using the help function, and I am actually out of the office, waiting for a meeting, so I can't look at my Basic program - I wish there was a list of things Basic CANNOT do, and if there is such a list, I can't find it - if it's out there, can someone point me to it, and I will try not to ask so many dumb questions.

ProSeries Basic

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IRonMaN

Level 15

Click the little green "where do I enter" button.

Slava Ukraini!

P

plrrazAuthor

Level 4

Haha, yes - I know - I am not at my desk, I am waiting in a doctor's office waiting for an appointment, and while waiting for the Dr, I was trying to use the PS website to see if there was actually a list of forms not supported by Basic. Respectfully, I understand that I can look on the program - my gripe is more that I cannot find an easily findable (by me at least), list of forms that would necessitate a migration over to PS Professional.

Camp1040

Level 10

Yes you can but form 8824 will not be ready until the 17th, but it calculates.

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