Like-Kind Exchange Depreciation Report

Content:

Both AMT and regular depreciation amounts for Like Kind Exchange Section 1031 assets that were in service during the year are provided. A variant displays only assets that were in service at the end of the year. The report is sorted by tax entity, state, and asset class. It displays either detailed or summary information about assets bought and sold.

Purpose:

Depreciation information from this report is used for IRS reporting and monitoring Like Kind Exchange matching activity.