Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Intuit
Virtual · Free
Elevate 2026
Tax Day isn't the finish line — grow your firm at our two-day virtual conference
Free CPE/CE
Intuit
Virtual · Free
Elevate 2026
Tax Day isn't the finish line — grow your firm at our two-day virtual conference
Free CPE/CE
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- 1031 Exchange question
1031 Exchange question
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
jerry
Level 7
02-27-2022
11:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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!
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
jerry
Level 7
03-01-2022
02:38 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Help - anyone??!!
