Accountant-Man
Level 13

It has been a  long while, and I can look tomorrow, but there used to be a depreciable asset code called 754 election. The partnership has to make the election, and the depreciation must be specially allocated to the appropriate partner.

743 also applies upon death of a partner. Google both codes to find out, but I think PS has automatic election forms.

You would have a separate election for each dead partner.

** I'm still a champion... of the world! Even without The Lounge.