jacciu
Returning Member

Investors & landlords

Excellent response, thank you.  My wife passed and it is not a community state so I understand only half of the basis of an investment rental gets stepped up. I am confused with the depreciation taken prior to her death and how to manage it going forward.  Does her half of the new stepped up basis start over with a new 27.5 years and my original basis stays with the 27.5 years remaining when we put the rental into service?  Thank you