Hello
I'm having trouble getting my question across and answered correctly. I understand that the date one acquires and puts into service might be different. That is not my question. I performed a 1031 exchange in 2020. The property given up was acquired AND put into service on 10/04/2005. The property received was in 2021. I am entering the property received on tax year 2021's return. On schedule E, which date am I to use for the property received, the actual date I acquired it which is 3/15/2021 or the date I acquired the original property aka the like-kind property given up which is 10/04/2005. My understanding is that I am to use the date of the property given up, since the property received is simply exchanged, and all the depreciation needs to move to the property received. Please confirm. Thank you - sw
