Thanks for your reply. The house is not currently rented nor available for rent. The FMV was established at the date of death12/24/23 and my sisters and I inherited it as of that date. So, insofar as the capital improvements, what you are saying is that I’ll do a rental return for 2024 with income and expenses through the last rental date, including depreciation established for any improvements up to that date. After that any improvements would only go toward the basis in the sale. Any thoughts on the depreciation recapture question?
