njb
Level 1

I have the opposite problem.  Received property, including cash, is more than the property given up.  There was no cash given up.  So there is a gain.  

The worksheet keeps putting the gain amount on line M as "Cash Given".  And adds it to Line 18, Adj Basis of Like Kind Property Given Up.

What am I missing?  It is a related party exchange.  

 

0 Cheers