You must report an exchange to the IRS on Form 8824, Like-Kind Exchanges and file it with your tax return
for the year in which the exchange occurred.
Form 8824 asks for:
Descriptions of the properties exchanged
Dates that properties were identified and transferred
Any relationship between the parties to the exchange
Value of the like-kind and other property received
Gain or loss on sale of other (non-like-kind) property given up
Cash received or paid; liabilities
relieved or assumed
Adjusted basis of like-kind property given up; realized gain
Please be sure to report ONLY rental property that you sold and rental property that you purchased.
Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.
Do not report your personal property on that form - that would disqualify the whole transaction - because personal use property may not be used for section 1031.
Yes - you should report the sale of your rental property on form 4797 as you woudl normally do.
However specifically fro section 1031 - use form 8824