@m25 It's been a while and I don't have TT in front of me now, but IIRC I ended up with b) eliminate the column for the old (exchanged) property and manually (YES!) added the loss to the new (replacement) property.
Actually you got me really curious and I checked, and yup that's what I did.
IRS hasn't called or mailed me (except for the fake IRS with foreign accent leaving me vmail lol), so I guess I am OK...
