Call for a simple equation for new Basis in 1031 Exchange?

[Buddy Holmes]

How to Calculate new Property Basis in 1031 Exchange

Define terms:

Property sold

P1 = Original Purchase price of property exchanged

TDP1 = Total Improved Property = P1 – LV1

LV1 = land value when purchased

TD1 = total depreciation taken (so TDP1/27.5 per year for SFH)

G1 = Net Sale gain = P2 - P1

D1 = Debt paid off in sale

B1 = Basis of property sold = TDP1-TD1+LV1

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Property bought in 1031 Exchange w/o boot

Deferred Gain  = G1

Deferred Depreciation Recapture = 0.25*TD1

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1031 Requirements: P2 ≥ G1 & D2 ≥ D1

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P2 = Purchase price of property bought

TDP2 = Total Improved Property bought

LV2 = land value of property purchased

D2 = Debt assumed in new purchase

B2 = Calculated Basis of property purchased = ??

Please define new variables if needed.

Help somebody!!