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Investors & landlords
Thanks for the inquiry, Connie, as I am in the same boat since losing my husband on 12/31/2018. This is my first tax filing as a widow due to his death being the last day of the year. I have to step up the cost basis on my 2 rentals and am wondering how too do this exactly. Turbo Tax wants a date placed into service, cost, land, prior depreciation, etc.....would my date be 1/1/2019 or the day after his death? How do I know which assets to add to start depreciation over again?
‎February 29, 2020
4:52 PM