Thank you, Tagteam! I did read the article from your link. It’s clear that for deferred exchange (the replacement property is not acquired until after the disposition of the relinquished property), you can not take depreciation during the period between the disposition of the relinquished property and the acquisition of the replacement property. For me it’s between 5/21 and 6/29, a little over a month. I just don’t know how to manually adjust the depreciation to reflect this on TT. According to JARoberts Think57 and DianeW777, I can carry over the depreciation schedule of the relinquished property by inputting the original data from that property onto the new property, just rename it to reflect that it’s from a carry over basis. I can choose not to depreciate for the old property, therefore eliminate the double counting for the two properties, but the period between the disposition and the acquisition is still depreciated in this calculation. I just need to find a way to somehow deduct this period’s depreciation. Thank you!
