can i use the 1031 exchange for the sale of land for the down payment on a new house?

[Tiaviany]

Can I use the 1031 exchange for the sale of land for the down payment on a new house?  If so, I want to show this on the 1040 tax return.  How do I go about doing this in Pro Series?

[abctax55]

New house is a rental? = yes.

Or, a primary (as in home of taxpayer..) residence? = no.

And the 'yes' answer presumes all § 1031 the necessary steps have been followed (45 days, 180 days, qualified intermediary, no mortgage forgiveness, etc).

Altho, some of the time lines have been extended due to COVID - check the details as related to your client's transaction.

[George4Tacks]

Assuming the client has met all the requirements, here is the how. https://proconnect.intuit.com/community/help-articles/help/1040-completing-a-like-kind-exchange-of-b...