I completed the 8824 Like Kind Exchange on rental properties. 2019 tax year. How do I choose the new property as the new rental to depreciate and eliminate the old one?

[Gwen8]

I set up the new property as an asset with the adjusted basis of old property $168,000.  The basis of the like kind property received is $313,000 which includes the adjusted basis of the old property.  I would like to just have the new property to depreciate instead of keeping both.

[Critter-3]

That should have happened on the 2019 return ... seek local professional assistance to make sure you did it correctly or to make the correction.  

[Anonymous_]

This scenario can be quite complex.

See https://www.irs.gov/instructions/i4562#idm140594195971360

As @Critter-3 wrote, consult with a local tax professional.

[Gwen8]

I found an answer from randoodle @ Husam22 dated 3/5/20 that helped me immensely.  Thanks for your help too.