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OK.. I think I fully understand.. as long as she sold it for the value it was when he died then she is fine.... THANK YOU for mentioning that too me... she conf...
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So if there's a step up value... it's worth about what she sold it for 9 months after he died... Also I'll only depreciate it for the time he was a live and in...
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he bought it a year before for 115,000 and a certain amount was written off like around 30,000 as depreciation... then the next year (2025) he died on 2/14. NO...
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Have a client that had some expensive depreciable equipment in his sole proprietorship ( not an LLC) and he died unexpectantly on 2/14. His wife in November sol...
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