You said "any associated assets (improvements to a rental property and the rental property itself) would use the same ID in order to link them" - So my example of House, Renovation, and New Roof would all be bundled using the same ID? Even if they're different classes (e.g., 27.5 vs. 15 years)?
You said, "cut all of the depreciation on the relinquished assets in two" - So the same asset ID would then be used twice in the acquired properties, but with half the value? Or would you have to create two asset IDs with half the value each?
(It would be great if there was a worked-through example showing this process!)
Thank you very much for any help and clarification you can provide on using Turbo Tax successfully for a 1031 like-kind exchange!
