I have a client who's spouse died in 2017. He now tells me he did not take a step up in basis on his depreciation. Do I have to amend his returns to take the step up in basis for his rental (which ...
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I have a client who's spouse died in 2017. He now tells me he did not take a step up in basis on his depreciation. Do I have to amend his returns to take the step up in basis for his rental (which was community property)? It is my understanding that I can update the depreciation on his next tax return and not worry about amending. He is planning on