I think there's a calculation error on the Form 1033- Election to Defer Gain on Involuntary Conversion.
The computation of Realized gain doesn't use the cost of the replacement property, it uses the adjusted basis of the converted property. In my opinion, the formulas don't allow gain to be deferred at all.
Three rounds of TurboTax help, and they finally say this computation is too complex for TurboTax and that I need to go to a CPA.
If anyone else has better/different luck, I'm all ears.
