happyDonate
Returning Member

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Hi

Could anyone please help to answer my question.  For my inherited property, the property was stepped up in 2022 hence the depreciation was split into two parts. One(1/3)  is from original cost and the other(2/3) is from the stepped up.  In 5/2023, the property is sold.  How to split the adjusted cost between the two depreciation.

Thanks