Hi,

I have a 1031 exchange, sold rental property for 2.2 M, purchased three total together 1.9 M.

It is partial exchange.

There basis is $600k left from the property sold, so carry over this basis over under the remaining life of the asset (which is 17.5 years =27.5-10).

Should I subtract $300 k out from the basis due to the replacement cost was less ?