Thanks for that observation. I discovered that you are correct.
Because my relinquished property is valued at 276K, and my new property is valued at 375K, and I am taking a 121K loan on the new property, TT apparently sees a deficit of 22K that I am not accounting for.
However, TT is apparently not including the 18K in sales and legal expenses that I enter later for Sale Expenses, nor nor is there an accounting of the 3K is closing expenses for the new purchase. Nor does TT ask what amount I invested from the sale property into the new property (258K). So while in reality I took no money away, and invested all of the sales proceeds into the new property, I can not get past the Different Property Received prompt without entering 22K, Then TT wants to tax me on 22K.
So other ideas welcome about how to use TT for the 1031 exchange and not pay tax I clearly am eligible to defer. Thanks much for your patience with the details.
