DaveF1006
Expert Alumni

Investors & landlords

It depends. The basic concept of a 1031 exchange is that the basis of your Old Property rolls over to your New Property. In other words, if you sold your Old Property for $100,000, and bought your New Property for the same, your basis on the New Property would be the same. It makes sense then that your depreciation schedule would be exactly the same, which it is!

 

This is why Turbo Tax did not ask additional questions about your tax basis from the exchange.

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