You only need one Form 8824 to report a 1031 Exchange (even if one property for two properties).
• Part I of Form 8824 is where you provide details about the old property and the new property(ies).
• Part II of the form comes into play only when a like-kind exchange involves "related parties"—members of a family or entities that you have a controlling interest in.
• Part III is for reporting details about any gains or losses from the transactions that make up the exchange—this is how the IRS keeps track of your taxable gain or tax-deductible loss
Click this link for more detail on Form 8824, Like Kind Exchanges.
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