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How do I enter multiple cost basis and dates placed in service on one depreciable property for UBIA purposes?

detaylorcpa
Level 3

I have a property for UBIA that was acquired in a 1031 exchange. For UBIA the original property basis and date placed in service are used for the replacement property. Excess basis should be reported at the date the replacement property was placed in service. I don't see how to enter more than one cost basis/date placed in service in the depreciation screen 22 (I see where you can enter one different cost/date).

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sjrcpa
Level 15

Enter it as 2 assets.


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View solution in original post

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3 Comments 3
sjrcpa
Level 15

Enter it as 2 assets.


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detaylorcpa
Level 3
Thanks - I was hoping for a different answer.
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sjrcpa
Level 15
I can't think of one.

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