So, in Turbo Tax, where do we report the basis (or gain) from the original property? I checked the box that said the sale was of a property acquired in a like-kind exchange, but there were no follow-up questions to include the basis from the original property - presumably this would populate Form 4797, Line 5? Does this also require filling out a new form 8824, even though this sale is not another 1031 exchange?
