1. No. Schedule E is only for a rental property and the property was not for rent.
2. Yes, your calculation looks correct.
3. As part of the basis in the exchange. The land cost from the Hawaii property transfers over and becomes the new land basis on the Maryland property.
4. No. The new commercial property is the only thing that you are going to create. You will enter it into the system and depreciate the depreciable basis that you transferred from the Hawaii property as though it were a new asset. It will depreciate over 39 years.
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