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The original cost or other Basis plus certain additions and minus certain deductions (such as depreciation and casualty losses).
Thinking about a 1031 Exchange?
If you are it pays to take the time and review your options carefully. Section 1031 of the IRC is very specific so you must take care in your 1031 exchange steps and timing.
Must read articles 1031 Exchange rules - the basic 1031 tax exchange rules 1031 Exchange Property requirements - property replacement rules you must know Exchange Intermediaries - why Section 1031 requires you to engage these professionals Investment Property Mortgage - how to finance your new replacement property
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