Thank you Robert!
Do you think all of those items can be lumped together (minus the marketing) as a general "Acquisition Costs" in which the total amount is represented as a single additional Asset line item? Additionally, the replacement property in the 1031 exchange is a distribution center, in which the building itself has a 39 year depreciation schedule. Therefore, would the new "Acquisition Cost" asset need to have a 39 year depreciation schedule as well?
Could you also provide some guidance on how to enter this new item? For example, under "Describe this Asset" would you choose "Rental Real Estate Property" or "Intangibles, Other Property"? Are there any other specific choices I should make for this type of Asset?
Thanks!
Jamie
