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Business & farm
@collinsb032 wrote:....I can only take depreciation (based on date of death), taxes, and insurance as deductions on a rental property.....
The date of death usually establishes the basis for depreciation, which is the fair market value on that date.
Deductions for real property held by the trust for personal use are severely limited.
March 19, 2023
5:56 PM
5,164 Views