publication · Pub. 551
IRS Publication 551 — Basis of Assets
Explains how to determine the cost basis of property, including adjustments for depreciation, and the carryover basis in a like-kind exchange.
Key takeaways
- Carryover basis from relinquished to replacement property.
- Adjusted by boot received or paid.
- Critical for calculating future depreciation.
Educational information only. The content on this page is general education and is not tax, legal, accounting, or investment advice. Consult your own CPA, attorney, and licensed investment professionals before making any decision related to a 1031 exchange or Delaware Statutory Trust.