This is all about getting TT to deal with the 1031 and the depreciation. We know what we want TT to do, its just getting TT to correctly do it.
To that end I found a very good step-by-step written by intuit. It has 3 major steps, all went well for me until I reached Step 3.
Here is the article:
https://proconnect.intuit.com/community/individual/help/1040-completing-a-like-kind-exchange-of-busi...
To me, Steps 1 & 2 belong to the relinquished property and belong in the filing year the property was relinquished.(for me = 2019)
Step 3, relates to the exchange property and should go in the filing year the exchange property was acquired???(for me = 2020) And that is the way I have been proceeding
The snag I have hit is Step 3, part 2: in Schedule E worksheet, "click on the QuickZoom to the Asset Entry Worksheet", ..... it does not exist. There is no Quickzoom button, at least not in my 2020 TT premier desktop. So how do I create this "Asset Entry Worksheet"?
