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- Husband-and-wife partnership of real estate rentals; husband dies, son takes his place. How to recalculate depreciation
Husband-and-wife partnership of real estate rentals; husband dies, son takes his place. How to recalculate depreciation
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Greta
Level 9
06-13-2023
07:33 PM
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qbteachmt
Level 15
06-14-2023
11:37 AM
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Son takes his place, how?
You have two different things in your question:
Partnership (a real entity, or are you using the phrase relationally).
Real Estate (partnership asset, or owned by two individuals, and now a different individual inherited based on tenants in common title, or all of it now is owned by the spouse as JTROS).
Operation is one thing. Ownership is a different thing.
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