1031 One property for two. Exchanged property had a gain of $900K and sold for $1225k. The two new properties are worth $1885K in total.

[chapguy19]

Is there anything to do with the $900K gain from the initial property?  They made up the difference between Prop A gain from the sold property and Property B & C, the acquired properties.  
It gets more squirrelly.
Now my client wants to sell one of the properties that will have a $50K FMV gain.
Do a apportion the gain from the initial 1031 exchange based on the two FMVs of the acquired properties?
Thanks in advance, Christopher

[Accountant-Man]

Apportion the deferred gain from the initial 1031 exchange based on the two FMVs of the acquired properties as of their acquisition dates.

[abctax55]

CFS Tax Tools has a *great* worksheet for working thru § 1031 exchange reporting.  

There are also various tools on-line.

It is highly doubtful PS is overly useful for determining the correct reporting ( Lacerte isn't).  

I work up the F 8824 (edited) manually first, with pencil/paper, to get all the numbers correct; you should do the same.