Xandilunas
Level 1

I am recording two cars traded with no cash, with the car given up being fully depreciated (prior special depreciation). I figure this would mean no gain and a carried-over basis. Is this only possible by disposing of the old asset and adding the new one in Lacerte? I am trying to get the accumulated basis to stay the same and not recognize additional depreciation expense with the new asset. Is there a good way to do this?

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