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- 1031 and Unrecaptured 1250
1031 and Unrecaptured 1250
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dfa
Level 3
02-07-2023
06:18 PM
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If choosing the simplified method for the new asset, what happens to the potential unrecaptured 1250 gain? Does it go away and start over with the new asset or should I create a separate asset for an amount equal to the old assets' depreciation and make an offsetting entry in accumulated depreciation?
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