Where does TT take the old and new mortgages into account to make your tax liability calculations correctly? I sold my old rental (basis $100k) for $500k. Paid off $100k note, and also took out $50k boot. Rest went to Exchange intermediary to hold. Shopped for and bought new rental for $550k, incl. taking out new $250k mortgage. I've played with different numbers in the "fair market value" fields, with no change to my est. Federal tax owed balance. Which makes me feel like it isn't "taxing me" for that $50k boot properly, or is it? Where do I enter the boot so it taxes me on it?
