- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Any tax on capital gains and depreciation on rental property at death
deceased owned a residential rental property for about 10 years which passes to trust at market value as the cost basis on date of death.
Does the deceased representative have to pay capital gains and depreciation recapture on the final 1040 using the fair market value as the sales price or does it pass "tax free"?
Topics:
‎June 3, 2019
10:36 AM