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@Babak wrote:

 1. The depreciation for the old property was not accurate (it was sold in February but it appears to be depreciated for almost the entire year). 2. the old property (that was given up in Feb 2023) is still being depreciated in 2024.

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Unless they elected out of that treatment, in most cases it is correct to continue to depreciate the old property using the old placed in service date.  Then there is a second asset that is depreciated for the 'extra' amount paid for the property using the new placed in service date.

There is an option to elect out of that treatment and treat the new Basis as the only asset to be depreciated.  But you would need to manually enter the disposition date on the old Asset Entry Worksheet to stop the depreciation (filling out the 8824 does not automatically do that).  [Edit: Sorry, I didn't see this was ProConnect; I am unsure if that is the same method in ProConnect as it is in ProSeries].