1031s are complicated.  My question is whether to elect not to create carryover basis assets.

The add-back doesn't make sense to me. If I add back depreciation, then the result is original cost, which is not adjusted basis.

I have done worksheets to calculate carryover basis and I know what it should be.  I'm going to create new assets rather than let LC do it.

Edit: It seems that I can't elect out while also preventing LC from creating the new assets.