AmyC
Employee Tax Expert

Investors & landlords

Yes, follow these steps:

  1. Edit the rental property,
  2. From the summary, select Property Profile.
  3. Continue through to Do Any of These Situations Apply?
  4. Selected converted to personal use

Your personal use will begin with the date of death so the new rental can begin with the stepped up basis.

I am very sorry for your loss.

 

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