My mother passed away in February. She had a rental that passed to her trust. The trust held the rental for two months, until title was changed to the beneficiary. Can/should the trust claim depreciation? The adjusted basis on date of death would be over $1Million. Only two months rent was collected, so the loss would be huge. Would the beneficiary benefit from a loss carryover on her tax return? I am filing a short and final return. I am the trustee and beneficiary.
