Correct, @Anonymous_, I gave up the property end of year in 2020. The exchange is reported when the relinquished property is given up. Form 8824 was filed in 2020 tax year. The property received was identified and acquired within the allotted time. All that is correct.
My question now is, should I have also have added the received property on my 2020 Sch. E in my 2020 return? I did not do that, since it closed on 3/15/2021. I'm adding it now to my 2021 Sch. E Tax return. I can amend my 2020 is needed. Thanks for your advice.
