About 7012simon

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Solved Re: Residential rental house sold at $955K net. Under 1031 Ex, a hou...

Thank you. The cost basis of the property sold at the time of the exchange was $600,000 purchasing price minus 325,000 land value minus $70,000 accumulated depr...

7012simon

1

Updated Jan 17, 2024
Re: Depreciation under Section 1031 Exchange

Thank you for the answer. Do I need to file IRS Form 4562 along with my tax return?

7012simon

1

Updated Mar 14, 2023
Re: Depreciation under Section 1031 Exchange

Thank you for the information. After completing 1031 Exchange transaction, in my example, in coming years, can I claim annual depreciation of $18,181 (cost basi...

7012simon

3

Updated Mar 14, 2023

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Date Registered	‎October 9, 2019 4:30 PM
Date Last Visited	‎January 17, 2024 6:25 PM
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