1031 exchanges under Section 1031 must be reported to the IRS even though no gain or loss has been recognized on the transaction. 1031 Exchangors and their professionals must report their exchanges on Schedule D of Form 1040 or Form 4797 (whichever is applicable) and provide the information required in the instructions.

In addition, Exchangors and their professionals must supply detailed information about the exchange on IRS Form 8824, including a description of the property given up and received, identification of any related person who is a party to the exchange, and calculations of realized gain, recognized gain and the basis of like-kind property received. Part one of the form requires descriptions of the property given up and the property received, and the exchanging party must also provide the dates of acquisition and disposition to prove compliance with the 45 and 180-day rules. Part two requires additional information to clarify and substantiate the taxpayer's intent, particularly if the 1031 exchange involved related parties. Part three requires detailed financial information regarding the 1031 exchange, including the original cost, the current basis, fair market valuations, any boot, and deferred gains, and the basis of like-kind replacement property received by the exchanging party and is necessary for depreciation and any subsequent sale or use.
 

You can obtain and download copies of Form 8824 or Form 4797 at http://www.exeter1031.com/FD_FormDocumentLibrary.aspx.  In addition, many of the IRS Revenue Rulings, Revenue Procedures and Private Letter Rulings are hosted at http://www.exeter1031.com/irs_code_regulations_rulings.aspx.