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-   -   How to depreciate Inherited Property (https://www.askmehelpdesk.com/showthread.php?t=454759)

  • Mar 5, 2010, 02:55 PM
    [email protected]
    How to depreciate Inherited Property
    Person Died. Two rental properties went into a trust. The properties were both sold within 5mos of death. The alternative valuation date was used.

    Do you depreciate the properties for the 5 months in the 1041 return?
  • Apr 27, 2010, 02:37 PM
    AtlantaTaxExpert
    This is a fiduciary return tax question, and fiduciary returns are a specialized niche of the tax field. That is probably why you got no answer to your post.

    If you still need an answer, I recommend you contact a CPA or enrolled agent.

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