Cost Seg (Before a 1031 Exchange)

[Jon Ful]

Friends,

2022: We purchased, rehabbed and rented a property in 2022.

2023: We plan to 1031 exchange this subject property this year (2023) into another rental that will also be a value add.

Question is: Do the cost seg for 2022 (or) skip the 2022 cost seg and instead do a 2023 cost seg on the exchange property?

Please explain how you think through the issue.