pk thank you for replying.
# It cannot be returned because she transferred in may 2019 and passed away in early 2020.
# thank you for telling me about 3520 i will file it
# I understand whenever i sell my basis will be her basis of 28K and also all the depreciation accumulated till sell date, will be reduced from the cost.
# ok i understand for depreciation my start date will be May 2019
Qs:
# My start amount will be 28k? (do I need to not worry about theoretical depreciation between her purchase date and transfer to me? (ofcourse she never depreciated)
# is her registration cost of $2K added to building cost and depreciated or added to land cost?
Thankyou
