@Jim-Thompson wrote:
What throws me off is the mention of "rental property" in the first box. From my point of view, that is the kind of property that I exchanged.
The first box involves the actual sale of property, not an exchange. When you select the first box, your transaction winds up on Form 4797 which is definitely not what you want with a 1031 exchange.
By selecting the section 1031 box, the transaction is reported on Form 8824, which is correct.
