@DianeW777
Thanks for the quick reply. Yes, additional $$ was added to buy the exchange property in 2020.
The instructions in that article do seem to work for TT Premier. I found that I could find a match in Premier for each step.
If the instructions don't apply, then TT should really produce some since I see this is a common source of anguish for 1031 TT users.
Just to recap:
1. its okay to leave the refi fees in the cost basis.
2. Mark the date relinquished in TT2019 for both the relinquished property and the refi fees.
3. The Depreciation of the relinquished prop and the refi fees will continue on into TT2020, as if both still exist.
4. A new asset will be created in TT2020 corresponding to the Cash added to buy the exchange property
How do you deal with the step-by-step interview in TT2020 when I get to the relinquished property. Its no longer mine, but TT whats to attribute rental income to it. Do I just mark it as 0 days of rent?
