Purchased a rental condo in 2008. Original cost of Bdlg $287,675, Land $10k, Parking Space $15k. They have been listed as separate assets and total depreciation on the Bdlg and parking space total $184,352.
There is also other furniture/fixture assets $12k have been full depreciated. If I was to do a 1031 exchange for another rental property would the basis just carry over on the schedule: Bdlg $287,675, Land $10k, Parking Space $15k. Then I would just add a new basis for any cash I've give up?
