$40K tax bill seems off

[Andrey Y.]

I just got a draft from a CPA, that I need to write a check of $40K for taxes.

I have in my email where he said even if I don't do a 1031 exchange, my capital gains will be offset by passive carryforwards. I've had issues with this particular CPA taking 3-4 weeks to respond to emails and generally giving off the cuff, not researched, and flat out wrong tax planning advice.

Anyway, I had a partially failed exchange (Realty Doctors promised they have NEVER missed a clients exchange, and lo and behold their builder couldn't build the 2nd property in time).

My only gains are a $102K undeferred gain on the property I sold, and a single K-1 syndication exit where I invested $50K and got a $30K profit.

When I look at the draft return, my capital gains from the sale of my home are being added to my AGI and I'm having to pay ordinary income taxes on sale of a long term capital gains asset. That seems very off to me.