1031 tax-deferred exchange, cost basis & depreciation calculations

For owners whose current properties may have a cost basis from a previous property, can those prior property depreciations and other cost basis data be brought forward to a 1031 facilitator or to a Cap Gains calculation for decision making?

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@jmac.sr Thanks for your question. Stessa is built to be flexible enough to handle different income and expense situations, but we do not provide specific tax advice. You’ll want to check with your CPA for more information about how to handle this scenario.

We do not currently offer a capital gains calculator or other cost basis tracking for 1031 exchanges. That said, check out Roofstock’s 1031 Tax-Deferred Exchange Program for some helpful advice and/or watch Roofstock Academy’s free 7-part video series on 1031 exchanges.

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This would be helpful - a place for the rolled in depreciation and the rolled in cap gain so future sale transactions can be analyzed for tax implications. I currently use spreadsheets for all my accounting and it’s getting harder, but I have a place where I store the rolled-in values and then a tax versus property value compare - what if I sold outright and what if I rolled into new property. Wouldn’t need to be too complicated - ever just a text field for manual data entry from one property to another.