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    dcondon@pacbell.net's Avatar
    [email protected] Posts: 1, Reputation: 1
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    #1

    Mar 5, 2010, 02:55 PM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 27, 2010, 02:37 PM
    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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