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

hmosbergea
Level 3

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 Comment 1
TaxGuyBill
Level 15

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