@oggiejax wrote:
A local CPA is telling me that I cannot assume the loss carryforward, but that makes no sense, especially when I will be able to assume the accumulated depreciation.
The passive loss can be use post mortem but only in certain circumstances.
Again, it has the potential to impact the basis at that point.
The loss can possibly be used as an offset on the decedent's final return. If there is a carryforward, then the rules cited previously are applicable.
