asbtaxguy
Level 1

I have multiple trust that have allocations for Rental Income and Expenses.

The surviving spouse passed on 03/31/22. Most the properties get a stepped up basis as of the date of death( 03/31/22) 

 I adjust the prior basis to the higher stepped up basis, but what do I do with the prior depreciation ?"

 

 

 

Thank you for your help

 

 

 

Scott Bonelli

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