client received rental property in like kind exchange and I am setting up the depreciation. There is a FMV of $759,000 and a Basis of $219,232 with a deferred gain of $539,768

what do I use for the cost? And what do I do about the deferred gain? There is also land value that I will need to make an adjustment for as well.

Any help is greatly appreciated

Pattie Clary