My client exchanged rental properties through a 1031 exchange. 

Property Sold: 

FMV 510k, $185k mortgage paid off at closing, Cash received at closing $300k. Original Basis $225k bought in 2004. 

Property Acquired

FMV $720k, mortgage taken $540k. 

There should be taxable boot as some of the cash from the sale was put into the clients new personal home (not the new rental) 

Proseries is figuring this all as a non-taxable transaction so there's something I'm not entering on the form or worksheet correctly. 

Any help is appreciated!