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Business & farm
Thank you for the reply.
To clarify, this loss carryforward has been incurred AFTER the Grantor died, after we inherited the property, but while the property is still deeded in our fathers trust. However, the county recorder and assessor were both notified of his death and we are listed as "owners" with the Ownership Department of the assessors office.
We have already been taking depreciation allowance, as if the property has changed ownership, which it has, except it is still in our fathers trust with an EIN.
I believe the link you suggested deals with loss carryforward incurred before the grantor died.
‎October 17, 2022
9:51 AM