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Investors & landlords
Hello! Thank you for the reply it was helpful. I do have one last question:
Last year when I filled out my form 8824 line item#25 (Basis of like kind property received) = $170,424.
Therefore- is that the new basis number I should put to depreciate for the new replacement property be $170,424? Thank you so much!
‎February 7, 2023
3:27 PM