Thanks! That worked! The deferral looks correct now, and the "gains on sale" are gone.
So, now TT has created a new basis for the replacement property in this Exchange. That's fine, I understand that. But....the property tax records for 2019 for the new property reflect values for land and buildings separately. The old property did not make that separation (was a different county). Do I now still need to adjust the TT basis for the new property to pull the County's land value out, ie, lower the TT new basis by the County's land value?
