Seems if you are putting in the original "put into service date" in TT for depreciating a carryover asset from the relinquished property, you are double counting the depreciation. Asset was depreciated for both the relinquished property and the replacement property for the same time period that year. Am wrestling with which values to put into TT for the carryover'ed asset for the replacement property's depreciation schedule. Such as For Date Acquired, Date placed in Service, and Total Cost. Is "Date placed in Service" the original date asset was placed in service for relinquished property or the date the acquired property was closed on ? Is Total Cost the original cost of the asset, or the remaining basis after being depreciated over the time the relinquished property was held? Seems these input drive the TT's calculations for Year of Depreciation and Depreciable Basis that then drive amount of depreciation to take for the year.
