Thank you!
The property is in California, so it is community property. However, I neglected to mention that the property is titled to the AB Living Trust. FYI, the Trust never had its own tax ID number. So, everything is reported under the personal SSN of the 1st Trustee.
It just seems to me that when we sold the other 2 California homes, held in the AB Living Trust, and used the adjusted cost basis on the federal returns, we would also use the adjusted cost basis for depreciation.
Thanks for the link. Helped a lot!!
