@DianeW777
Good afternoon Diane,
Thank you once again for your great comments. I'll need a little time to digest things, but you did give me another variable that I need to include in this process - the land value of the original Madison property. This is a point that I failed to include in any of my numbers. Thank you for highlighting that!
Another question that you might not have seen was #6 dealing with Excess Basis calculations (please see in earlier message). I'd greatly appreciate it if you could give me some thoughts on how that should be calculated with 2 different basis numbers to consider.
Thank you so much!
Jamie
