My summary smart worksheet does not balance on form 8824 like kind exchange. I received a property that the FMV (selling price) is 20k less than property given up also FMV selling price. There were no loans assumed or cash given or received. The exchange expenses were 25k so I thought I was ok. I can’t get the worksheet to balance and it is causing an error. I put the 25k as Exchange Expenses in the next section, “Additional Information regarding Like Kind Property Given Up
any ideas?
