Wish2
Returning Member

Investors & landlords

Thank you for your prompt response.

For proper reporting on form 1040 of 2023, how is the Stepped-up basis of the rental R/E on the date of death reported on what forms to avoid questions from the IRS? 

On what form do I indicate that the Rental R/E was "disposed of without a sale"?

Do I then create a new form 4562 Depr showing the Stepped-up basis and the date placed in service as of the date of husband's death?

How to split the land and building value on the new Depr form?