In looking at the 8824 Like Kind Worksheet, because the 1031 exchange property purchase price was significantly more than the rental half of duplex sale price, it lists on line 15F 'Cash Given' figure and AMT 'excess basis' to be added to basis of new purchase. Not sure if that is why additional taxes owed even though says I'll have to pay that later in sale of new rental property? Trying to figure out why more taxes owed so sharing that data.
Thanks,
Adam
