Thanks,
What I'm looking for is to determine, say the property was rented for 10 yrs by the owner and the owner passes away, the property is still being rented until sold. I kept reading conflicting posts on the depreciation that it carrys over into the estate, and it doesn't carry over into the estate, as the estate would assume a new vaulation for the property upon death. But all that previous depreciation is what I'm looking at is it carried over or does the estate start anew with the new valuation? I do have an accounting firm that's going to do the final report, but for closing probate and making any distributions on the sale to beneficiaries, we'd like to know if there was a posibility of a tax liability as that return won't be done til the end of the year (2024 submitted in 2025) That's what I'm looking at, is prior depreciation carried into the estate might be a better way of asking.
