BobKamman
Level 15
06-02-2020
10:23 PM
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After death, the rental income and expenses go on the 1041. You don't have to use a calendar year for that; you might do the beneficiaries a big favor by choosing a fiscal year. The depreciation starts over with stepped-up basis (or stepped-down, although we don't have to worry about that as much these days -- yet).