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  • Re: How to allocate depreciation between donor and donee on gifted rental property
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Get your taxes done using TurboTax

The donor gave you their adjusted basis!!!

https://www.irs.gov/faqs/capital-gains-losses-and-sale-of-home/property-basis-sale-of-home-etc/prope...

 You start your own depreciation  schedule.

‎April 3, 2023 7:54 PM
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