Yes, it makes sense that the depreciation would calculate at less for the property that is now 39 year recovery. This is why I mentioned this for the original basis. You should enter the correct amount actually used so that you do not use excess depreciation at some point. The 39 year recovery period will show a lower amount. Enter the correct amount you calculated,
Example:Quick Calc: The following is an example and not exactly your actual numbers.
Depending on the age of the original property, according to your dates you depreciated that property since 2004 which is 18 years at basically .03636 per year (or using your numbers for basis and depreciation so far, 63% of the cost before the trade). The rate is for 27.5 years before the change and .02564 for 39 years after the change. There is an estimated $43k excess at this time. If you allow the prior depreciation that is calculated to remain so that you continue to receive depreciation expense for this and some future years you need to manually track so you do not exceed the cost basis. This only applies to the original assets. As long as you track the total depreciation expense each year you should be fine. Just keep in mind you will not be alerted if you use too much depreciation and you don't want to be surprised by it later.
The new assets should be calculated correctly without manual intervention with the exception of the cost basis.
As you note in #6 above each time you go through this section the amount calculated will again be populated.
@jamie-m-todd
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