Hello DianeW777, I understand that the original property depreciation continues to depreciate as part of the basis for a property acquired in a 1031 Exchange. What if the new property is a commercial property and the relinquished property was a residential rental house. IRS says I need to go from 27.5 years amort to 39 years amortization. And what if I want to take advantage of a cost segregation study that would allow me to depreciate certain parts of the newly acquired structure over 5 or 15 years?
Can I somehow create a new worksheet where I could input the new amortization periods?
Thanks
Chris
