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Updated almost 6 years ago on . Most recent reply

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Susan O.
  • Fresno, CA
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1031 depreciation schedules for Improvements do they forward?

Susan O.
  • Fresno, CA
Posted

Hi I'm going to be doing a 1031 exchange soon

I wanted to ask and make sure

If I did about $30,000 in improvements being depreciated over 7-10 years on my old downleg property

Would this be forwarded to the Depreciation shcedule for the new property so that I could continue writing off the $30,000 in improvements on the new upleg property?

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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
Replied

I would be more concerned that you're using an impermissible method of depreciation.

What kind of improvements are depreciated over a 7-10 year life?

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