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1031 depreciation schedules for Improvements do they forward?
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
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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?