2006763
The following diagnostic is generating:
Depreciation asset #__: The election to not apply the like-kind exchange regulations has been made. The basis of the asset received in the Like-Kind exchange is treated as newly purchased property. A new depreciable asset should be input to depreciate the asset received in the exchange. The new asset should have a basis of $_____ and a date place in service of MM/DD/YYYY. No asset linking or carryover basis tracking is required when making this election. (ref. #2006763)
Solution:
Informational Diagnostic
