I have a like kind exchange 1031. It was completed by an Intermediary and I understand the rules of the 1031 exchange. You have two areas on the like king section. Am I corrected that I take the original price, add my improvements and take off all of the amounts of deprection since it became a rental here?
I understand everything else, but then, in the form the word (taxes) is above this basis amount. I don't have to pay taxes since I did a 1031 full exchange.
Then I move forward and it asks for AMT adjusted basis What am I supposed to enter here?
