This is my 1st 1031 exchange in Lacerte, for an apartment to vacation home exchange (yeah, I know about RP 2008-16; that's not the issue here) mid year in 2021.

I have 2 assets on Schedule E, the given up property, and the acquired property.  Each has income and expense associated with it.

I used the 1031 wizard, and all is cool with the boot (I didn't use the simplified method), except all the depreciation still shows up on Schedule E for the old property, not for the new property being rented.

What am I missing?

Thanks!