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wife is beneficiary and wife will continue to use property as rental.

February 03, 2017 • Simona Padilla-Scholtens • Log In to Post Comments

Where is the step up in basis entered on schedule e or depreciation schedule for beneficiRy wife



You simply create a new asset with the fair market value of the property as the new cost basis and start depreciating the property as if it was put in service on the date of death.  If you are asking if your particular software provider has special input for this, then I'm afraid that's a question for them.


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