When you did the exchange you either entered the prior depreciable basis for the property you gave up or it was transferred from your prior year TurboTax account. That basis is what will be used to depreciate the new property. In addition, you were asked about the fair market value of the property that you gave up and the property that you received. Those will also be used to figure out the new basis.
Once all the information is entered for the new property then TurboTax will calculate the depreciation for you.
@wclyon
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