Partial 1031 Exchange Tax Questions

[April Eilers]

Hi! Could someone please clarify the following: 

Assuming we purchased a property for 75k cash 5 years ago, sold it for 300k in 2022, reinvested 200k in a 1031 exchange, and were left with 100k boot....

1. Can we deduct the original purchase price of 75k from the 100k boot to reduce the taxable gains to 25k? If not, why not? 

2. Is depreciation recapture required in the case of partial 1031?

Thanks!!! :)