vehicle like kind exchange

I have two vehicles for an S-Corp involved in a like-kind exchange. The depreciation on the vehicle disposed of was depreciated on the half-year convention so depreciation in the year of disposal should be half but pro series is using for full year. Also, is there a way to link the two vehicles involved in the exchange from the asset entry worksheet to form 8824 or do I manually enter the asset information?

Any advice I can get to make sure these assets are recorded properly would be appreciated especially on the asset entry page.  I did manually enter the information into form 8824 and I end up with the amounts that I calculated manually but I new to pro series and would love some guidance to make sure I've done it properly.


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   Charlotte - If you want the correct way to do it in Proseries, I don't know it.  I tried messing around with the asset worksheet long ago to link it correctly to 8824 and never got it right.  It sounds like you know the numbers for the 8824 then you should do as those of us in the way too stupid club.   We ignore the questions and go directly to the form.  That is enter disposition date and set sales price equal to AB.  This should give you only 1/2 year depr. and no gain.  Then manually enter figures on 8824 and enter new asset on depreciation schedule.

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