Investors & landlords

But since that was done years ago the cost basis was determined at that time. So reporting the sale now really shouldn't be any different from a "normal" purchase style acquisition.

 

This is a true statement ... the work on the 1031 exchange happened in the year of the sale/purchase ... now it is simply treated as a regular sale ... don't make it harder than it is.   If you did not properly report the sale/purchase then seek local professional assistance ASAP.