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basis real estate distributed from an irrevocable trust
The trust became irrevocable in 2013, when my mother passed. It held commercial real estate. In 2017 the real estate was distributed to me. For purposes of depreciation, is the basis value calculated as of the date of death, in 2013, or is it the date it was distributed to me in 2017. Do I start depreciation as of date of death, or when I acquired it.
Thank you
‎July 16, 2019
4:52 PM