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Level 2
April 15, 2026
Question

Form 8824 Line 18. Depreciation

  • April 15, 2026
  • 2 replies
  • 4 views

Line 18 includes the Adjusted Basis of the Like-Kind Real Property that I gave up in the 1031Exchange. I have claimed Depreciation on this property since purchase in 2016. Should I include the sum of *all* Depreciation claimed (for as long as I have owned this property), in the Adjusted Basis calculation?

Thanks to all who take the time to read my question...

    2 replies

    Level 2
    April 16, 2026

    Oh Oh....
    I've been receiving replies an hour or two after posting. Now, my last two questions have gone un-answered. 

    Does everyone go home after April 15?

    AmyC
    Level 15
    April 16, 2026

    Yes. Line 18 does include all depreciation allowed. Tax day was busy!

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