My mother and I each owned 50% of a residential rental. I previously reported my half of income and expenses and depreciated my portion of the basis. Because we remodeled, the property increased substantially in value over the next several years. My mother passed away in 2023. In 2024, I purchased the remaining 50% from her estate, making me 100% owner. How and where do I account for the increase in basis, and depreciation for 2024? (Form 1040, Sch. E)
