I think TT could easily improve on the 1031 form just by making some adjustments to the "Specific Asset Exchanged" page. Currently, it gives you a list of "real estate assets" to select, which is very nice, but it fails to list the Leasehold Improvement assets, which would also and necessarily be exchanged with the asset. The LHIs need to be included in the list of assets exchanged, so their basis can be used to calculate the deferred gain.
