If the boot amount is relatively small (a few thousand) and spent on necessary improvements paid out of pocket to fix the replacement property, does that reduce line 15?
Would driveway repair of the replacement property, to make it safe and usable, qualify to reduce the boot amount that the QI sent?
If the cost of the repairs was used before the check from the QI was received, does that qualify?
Is a form 4797 still needed then since there is no taxable gain?
