When you complete Form 8824 in a Desktop version of TurboTax, you can go to Forms mode to see whether you have any gain recognized from the exchange (Line1 21 - 23) and if any of the gain qualifies as deferred (Line 24), in which case the gain would reduce your basis in the new property (Line 25).
TurboTax will transfer any gain recognized as calculated on Form 8824 to the appropriate forms (Schedule D, Form 4797, Schedule 1).
Check the Assets section for the appropriate Schedule (C or E) to be sure that the new property is listed. Make any additional entries needed, such as to identify the proportion of the new property's adjusted basis that represents the value of land.
See this TurboTax article for more information on like-kind exchanges.
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