Please try this:
SELECT *
INTO dbo.newtable
FROM dbo.oldtable_with_identity
UNION ALL
SELECT TOP (1) *
FROM dbo.oldtable_with_identity
WHERE 1 = 0
The identity property should be left off the column in the new table :-).
SQL DBA,SQL Server MVP(07, 08, 09) A socialist is someone who will give you the shirt off *someone else's* back.