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1031 Exchange


Taxizen

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Thank you for your brief response. It helps me to figure out 1031 requirements and rules.

I have more questions about how to report depreciation on Schedule E.

The ATX form has the feature of how to handle the like-kind exchange on asset entry. However, the form only shows the partial depreciaton even though I have to show the full depreciaton since the replaced property has to bring all the information from the relinquished property. The question is how to show the full year depreciation and how I show the replaced property on another Schedule E?

Any input would be greatly appreciated.

:rolleyes:

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