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?
This discussion has been locked. No new contributions can be made. You may start a new discussion here
No, the step-up value restarts the Recovery Period (27.5 years).
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.