RESIPSA123
Level 2

Sjrcpa... Thank you.  Yes I know about the stepped up basis and that I should communicate how much depreciation needs to be recaptured in the future.  My pivotal question is, do I somehow indicate on the 1041 return that the property was deeded to the beneficiaries or do I just ignore this fact since it wasn’t a taxable event, wasn’t a sale/transaction that belongs on Sch D?  

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