So I know the depreciated basis of the property given up and what additional cash we had to put in to consummate the purchase of the replacement properties. These two amounts form the basis for the (multiple) replacement properties. I have allocated this basis proportionately to the replacement properties based on their purchase price and have elected to restart the 27.5 year depreciation clock using this basis. I have set up each of the replacement properties in TurboTax, but haven't gotten to the 20 questions related to purchase price and costs. How do I go in and force the basis the match that of what I am carrying in my spread sheet? It is also interesting that while TurboTax has been calculating the depreciation of the property we disposed of for years and thus knows it's depreciated basis, it's unable to find this information when it comes to handling the 1031 exchange.
