I ended up using someone who was familiar with the DSTs. It got somewhat tricky to determine the basis on form 8824 as I had made extensive repairs to the property before the sale. Some of these repairs needed to be capitalized or treated as selling expense. Once you determine the carry forward basis ( FMV of properties received less the deferred gain- line 18 on form 8824), you can allocate that carried forward basis on a pro rata basis for each replacement property based on % of your total investment. You can also elect to not depreciate the remaining basis of the relinquished property and instead include it the new new basis for replacement properties. I developed a spreadsheet to allocate the basis which I provided to my tax consultant. I will be happy to share the excel spreadsheet if you like.
