jtax
Level 10

Investors & landlords

Just to clarify the value for deprecation purposes probably the date the trust became irrevocable if the real estate was contributed before that date. Otherwise it is likely the date the real estate was contributed to the trustee.  (Technically the trust doesn't own anything or really exist. The trustee is his or her role as trustee is the legal owner. This is different from, say, corporations that do have a separate legal existence from the shareholders/directors.)

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