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TAXPAYER DIES, WIFE INHERITED RENTAL HOUSE. HOW DO YOU SHOW THE STEPPED UP VALUE OF THE RENTAL HOUSE ON SCHEDULE E FOR DEPRECATION?

Julia1
Level 1
 
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2 Comments 2
dkh
Level 15

Try IRS Pub 551 - Basis of Assets

Accountant-Man
Level 13

Create a new asset. Call it Step up.

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