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...
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...
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...
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...