Hi Rick,

Thanks!  More than likely it is disqualifying.

Dispite the factor of the 1033 qualification.

Assumed if elect to deferring gain for 1033 exchange, in the year of disposition, how do you report the asset and depreciation?

Dispose the asset and have PCO calculate the last year depreciation then undo the disposition and overrite the depreciation calculated from PCO?

Anyone can responde that?