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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.

  • May 23, 2024
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Best answer by abctax55

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

1 reply

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