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chapguy19
Level 5
May 23, 2024
Solved

1031 Exchange with one property sold and two acquired. How do I allocate the original basis of the house sold over the two new properties for depreciation? Thanks.

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abctax55
abctax55Answer
Level 15
May 23, 2024

I use the FMV of the two properties to come up with a ratio. 

HumanKind... Be Both
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2 replies

abctax55
abctax55Answer
Level 15
May 23, 2024

I use the FMV of the two properties to come up with a ratio. 

HumanKind... Be Both
    chapguy19Author
    Level 5
    May 23, 2024

    Thanks for your quick response.

    Christopher

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