Accounting for a 1031 exchange in Quickbooks Pro

[Erick Garske]

I have already completed one 1031 exchange this year, and in the middle of another exchange. 

The issue that I have is how to precisely record the exchange in Quickbooks 2015. Since the premise is that there is no financial gain to a 1031 exchange does it need to be recorded simply by closing one fixed asset for another fixed asset? 

Having searched the archive here, I have not isolated this topic before. Th.at said I've heard varied opinions from both sides of the spectrum. Can anyone shed some light on this subjective subject?