RobertB4444
Expert Alumni

Get your taxes done using TurboTax

There are several expenses that are deductible in a 1031 exchange and several that are not  It seems to me that - based on your numbers - you increased the basis by the 51K and then reduced it by taking four years of depreciation.  So that left you a 23K increase after the four years.

 

But there may be other explanations.  TurboTax should have added the allowable expenses to your depreciable basis.  I would be very hesitant to try and take a 51K expense that I didn't have a record of without getting proof that you didn't already take it.

 

@curtjenny 

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