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March 9, 2021
Question

Residential Rental Step-Up in Basis for Remaining useful Life.

  • March 9, 2021
  • 1 reply
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Residential rental for 20 years. Spouse dies. Should depreciation change due to full step-up in basis (community property state) for remaining 7.5 years of useful life?

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1 reply

March 9, 2021

No, the step-up value restarts the Recovery Period (27.5 years).