JARoberts
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As it was explained to me above and with a CPA (nephew took mercy because he knows it's complicated) you have a choice as to end the depreciation of the relinqu...
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Interestingly if I line item each asset to carry over and put in the original purchase price and date entered into service (and ticking the none of the above bo...
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So looking at my depreciation schedule this is what my high school (pre-Reagan) accounting brain sees--I have multiple assets to carry over (house+handful of im...
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The link was very helpful as his example is a simplified version of our transaction. My takeaway based on your comment about TT's half-baked solution and his ex...
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This explains the need and reasons but not the process within TT and how to apply it.
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- Posted Re: 1031 exchange of rental properties--carry over depreciation to new property? on Investors & landlords. March 26, 2020 2:56 PM
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- Posted Re: 1031 exchange of rental properties--carry over depreciation to new property? on Investors & landlords. February 21, 2020 4:07 PM
- Posted 1031 exchange of rental properties--carry over depreciation to new property? on Investors & landlords. February 21, 2020 3:18 PM
- Posted Re: Yes As you said, the deferred gain reduces the basis of... on Investors & landlords. February 21, 2020 3:11 PM