How do I report seller financing (installment sale) on a 1031 exchange?

[Charper1841]

I am entering a 1031 exchange in Lacerte for a partnership that carried the note on the property that was sold.  Where do I report the installment sale portion in Lacerte?  Is it entered in the 1031 exchange wizard?  I am entering from the depreciation schedule.

[sjrcpa]

Do they have a 1031 exchange? All sales proceeds are supposed to be used for the purchase of the replacement property.

[George4Tacks · Accepted solution]

Installment sale: https://proconnect.intuit.com/support/en-us/help-article/form-8949/generate-form-6252-current-year-i...

The note carried back is consider cash received in computing the 1031 sale. Do a 1031 worksheet to see if it even qualifies. https://proconnect.intuit.com/support/en-us/help-article/form-8949/generate-form-6252-current-year-i...