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RHCPA

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  1. RHCPA

    Estate 1041 & rental property

    jklcpa - thank you for this information. I wondered where you obtained the blue text with the example. I thought that 1014(b)(9) would force the surviving spouse to reduce her basis by prior depreciation that she benefitted from in the past. Could you possibly explain wht 1014(b)(9) would not apply. It seems wrong that the surviving spouse could step up a fully depreciated rental property and depreciate the whole thing. Not challenging your information - just trying to get an understanding of the logic here and see if it is really possible to treat a property exactly as stated in your last blue sentence. Thank you in advance!!
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