A rental property was sold - ex: $300,000. Seller took a down payment and holds the mortgage. A (1031) like-kind transaction used the down payment ex. $50,000, plus the seller added cash $30,000, to purchase a rental property, using a Qualified Intermediary (fee $1,250).

Where in the program is the allowable depreciation that had not yet been taken by the seller upon the sale of the rental property go? ( The AMT Report below the indexed Schedule E shows the 'Depreciation Basis' not taken prior to sale. ex: $7,000.)

The seller took back a mortgage ex: $250,000. Which forms are needed for this transaction? Although I have been with ProSeries Professional since 1994 tax year, I have not had this situation to input into the tax program. Thank you very much for your help.

Respectfully, Robert