sjrcpa
Level 15
03-13-2026
09:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Most likely the trusts get a step up in basis to dod fair market value.
Depreciation claimed by the decedent(s) becomes irrelevant.
You're preparing 1041s, right?
Or did the trusts become irrevocable in 2023/2024 and the trusts claimed depreciation on 1041s?
The more I know the more I don’t know.