@randoodle wrote:
Should I leave this Sales Information section blank, since it was reported in the 1031 like-kind exchange section (Form 8824)?
Yes. The primary form you prepare for a 1031 exchange is Form 8824. Do not enter any "sales information".
@randoodle wrote:
I appreciate any advice on how to enter this information correctly. It seems a little convoluted.
It is a LOT convoluted and, frankly, TurboTax does not handle these transactions easily. There is an article you might want to read regarding depreciation (as well as other aspects of an exchange) at the link below.
https://www.fool.com/millionacres/taxes/depreciation/depreciation-after-1031-exchange-how-it-works/
If you are still confused, or have issues, I would recommend contacting phone support (link below) as I have read accounts where they have been able to walk some users through the process of entering the entire transaction in TurboTax.
https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632
