@JARoberts wrote:
This explains the need and reasons but not the process within TT and how to apply it.
One issue is TurboTax offers to link a rental property asset that has already been entered with Form 8824 but the procedure really does not seem to work all that well. You will most likely be better off entering the replacement property in the Rental section.
The other issue is there are two ways to deal with depreciation when there is excess basis involved. The following article simplifies the procedure (if it happens to apply to your transaction).
https://www.fool.com/millionacres/taxes/depreciation/depreciation-after-1031-exchange-how-it-works/
