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Level 1
Jul 29, 2020 5:05 PM UTC
Question

1031 exchange

After completing an exchange for multiple buildings, how do you adjust depreciation to agree with 8824

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1 reply

abctax55
Level 15
Jul 29, 2020 9:01 PM UTC

Old basis, plus additional investment then allocated as ratio of FMV of the new buildings to total value.

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