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To extract the last name from a list of names using the TEXTAFTER function in Excel, follow these steps: Start with the formula `=TEXTAFTER(`. For the first argument, select the cell containing the full name. For the second argument, specify the delimiter, using a space as the separator (add as `", " "`). Finally, for the instance number, input `-1` to target the last occurrence. Close the parentheses and copy the formula into the cells below to apply it to other names.