I so understand it is a deferred gain.  My questions was more on if there was a place to put the fact that the deferred gain is actually more than the basis that was determined on form 8824.  For the future when and if the replacement property is sold.   The previous accountant did not put an asset on the books.  I am assuming because 898,848.00 - 1,155,733 is a negative number.    

Other than a note on the inside of the folder.  If the client goes to a new tax preparer in the future, how are they to know that what this deferred gain was.