@user17583998547 wrote:
Some sources say use the same depreciation as before with given up property (let's say it was $5,000) for the remaining years (my case was 8 years remaining out of 27.5 years) plus new additional basis for 27.5 years.
In addition, I don't need to consider any building vs land ratio for the replacement property?
That is correct. You continue to depreciation the original amount of the old property, using the original placed in service date (so you will get 8 more years). As a second asset, you enter the 'extra' amount paid ($100,000), using the new placed in service date.
Land needs to be considered. The two pieces that I mentioned are based on the building itself, after the cost of the land has been factored in.
