PA 1031 Exchange for 2022

[DG6]

I am doing a 1031 Exchange in PA for 2022 (so prior to PA tax law change). I am seeing conflicting information. 

On the PA Sch Gain/Loss, I see the rental property showing on two lines.  Once a calculation of Fed realized gain less adjust basis and Once calculating the asset cost less depreciation (from asset worksheet).  PA regs say to use sales price of rental less adjusted basis.  These are big differences. 

I would appreciate some help.

Thank you

[dascpa]

Did a PA 1031 fifteen years ago, pre-them accepting 1031's.  Calculation is what normally would have been if no 1031 was done.  SP - costs of sale - net basis in the assets.

Remember moving forward you will have two different bases of assets as Fed and replacement PA property will be totally different.  You'll have to adjust every year.

[DG6]

Thank you!  I really appreciate the comment on the different basis for Fed and PA.