- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
No, you don't have to report anything now. When you sell or rent the property, you will need to use the basis of the property for depreciation. That basis will be your 25% you inherited + what you paid to the 3 siblings for their shares. See basis.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 5, 2025
10:30 AM