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newbie in the tax firm here. hoping to get an answer and at the same time get a respectful vibe from this community.
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Ok, thanks. So there shouldn't be any depreciation to this since it's a personal residence of the decedent, correct?Another important question is, Should these ...
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OMG, I'm at my wit's end, lol.Shouldn't I deduct the Accumulated Depreciation to get the adjusted basis?Sorry, I said Depreciation, it should have been Accumula...
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Hi, Oh yes it was a Revocable Trust.Properties sold were not Rental Properties.The depreciation I mentioned was for the residential house sold. Cost plus improv...
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Just edited my post, deleted the Revocable info, lol.Would love to know your thoughts on this.
