Has anyone else realized that the instructions that Sage gives for like kind exchanged wont work for 2008. According to the instructions you are supposed to take the adjusted basis of the asset traded and enter that in with an aquisition date of the original purchase price of the asset traded in. However, the issue with that is doing it that way wont allow you to take bonus depreciation on that amount.

Currently we are just disposing of the fixed asset traded in as a like kind exchange and then adding one asset which includes the boot paid and the adjusted basis. This allows us to take bonus depreciation on the original basis.

Does anyone do it differently? Any suggestions? I have talked with Sage and the person that I talked to had no idea that it didn't work right.