Very few of us (or none of us) actually use Desktop "Basic", but it should be in there.
With your tax return open, In the upper right corner click on the "Search" function, then enter 1031 and then click the magnifying glass: on my premier system, clicking on the first hit below it (Where do I enter a like-kind or Section 1031 Exchange (Form 8824) ? gives good stepwise instructions on how to proceed.
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Beyond that.
1) No, don't really know if you have to upgrade.
2) Every tax year software is separate. For desktop software only, at least in the past, you didn't have to use the same software every year. i.e. if you used desktop Deluxe in 2019, you could use Basic in 2020 and still transfer any needed carry-over info into a lower level software product the next year. I can't guarantee TTX will continue to allow that in the future.
( Certainly, the "Online" software does not allow full transfers of some tax situations to a lower level software version in a succeeding year, depending on what's in the prior year's file )
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3) You may live in a non-income-taxing state....BUT We always caution folks...Make sure you don't have a state tax return to file. Desktop Deluxe (with one state included) is cheaper if you have a state to file...(and even then, desktop Deluxe from 3rd parties may not contain that free state download in some packagess...so check the purchase description closely. Desktop Premier and H&B have always included one state download...but e-filing the state in any desktop version always has a $20-25 fee, ((except NY)))
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
