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Preparing a W-4 and IT-2104, printing and giving to the employer now would only affect future W-2 wage income for 2025.   You can do nothing for 2024 taxes with a 2024 W-4 or IT-2104.  Too late to change those.

Yes, there is no cost basis for the house since it was fully depreciated before the trade. The land is an appreciable asset and never changes.  If there was any 'buy up' in the exchange, then there would be a new asset.  I think the details below will help you with the numbers.   Depreciation Rules: The basic concept of a 1031 exchange is that the basis of your Old Property rolls over to your New Property. In other words, if you sold your Old Property for $100,000, and bought your New Property for the same, your basis on the New Property would be the same. It makes sense then that your depreciation schedule would be exactly the same, and does not change! In other words, you continue your depreciation calculations as if you still own the Old Property (your acquisition date, cost, previous depreciation taken, and remaining un-depreciated basis remain the same).   Buy Up:  If you 'buy up' in your exchange (your New Property cost more than you sold your Old Property), the answer is easy – you treat the buy up part as you would a new addition to an existing property. In other words, you treat the amount of the buy-up the same as you would the cost of construction, for example, of a garage added to an existing house – the cost is the amount of the buy-up; the date you start depreciating it is the date you purchased the new property; and the depreciation method you use is the method most appropriate for that type of property in the year you bought the New Property (regardless of the method you used for the original house). If you think of it this way, then it's easy, even if your property is a large office building or a more complex purchase.   Boot: Any property or money you might have received that is unlike property in the exchange would be immediately subject to capital gains tax.  Where do you enter a like-kind  or Section 1031 exchange? IRS Fact Sheet for Section 1031 Exchange IRS Instructions for Form 8824 Please update if you have additional details and we will help.

The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.   If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. Click on Tax Tools on the left side of the program screen while working on the 2024 online tax return. Click on Clear & Start Over.   Go to this TurboTax website for the Free online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp

You do not have to add employees to your tax return.   If you have wages and payroll taxes, those can be entered, in total, in the Self Employment/Business expense section.   For Schedule C, see Where do I enter my self-employment business expenses, like supplies, payroll, and  vehicle mileage?

Go back to your w2 and edit. Box 19 is the local tax you paid and box 20 is the locality name. Either boxes 18-20 should all be filled in or all blank.   Save the w2.  I suggest at this point: Log out clear cache and cookies  try again to go through federal review then state review  file!

This would be considered self-employment income.  It would be reported on Schedule C.   To enter your self-employment income select the following: Federal Income and Expenses Show More next to Self-Employment Start next to Self-Employment Yes, to you have any self-employment income or expenses Enter the type of self-employment work you do and you can select that you use your name for your business Click through a few more screens and you will get to a screen that says "Your XX info" Click Looks good Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  Here is where you will enter the money you receive. If you do not select one, it will not let you enter your income Enter your self-employment income on the next screen Continue and on the next screen click add expenses * Please note navigation may differ slightly depending on which version of TurboTax you are using* This income will be reported on Schedule C which is part of your overall tax return. This also means you will be subject to SE Tax.  If you did not pay SE Taxes in 2024, and if you plan to do this again in 2025, it may be a good idea to make  quarterly estimated payments to cover your SE taxes of 15.3% and avoid penalties.

Form 1127 is filed with the Internal Revenue Service (Attn: Advisory Group Manager) for the area where you maintain your legal residence or principal place of business. See Pub. 4235, Collection Advisory Offices Contact Information, to find the address for your local advisory group.   Refer to IRS instructions: Form 1127 Application for Extension of Time for Payment of Tax Due to Undue Hardship and TurboTax article: Filing Your Taxes Late.