My parents had a rental property and a trust. Dad passed in 2002 and the property received a stepped up basis. The property was part of an exemption trust from 2002 to 2015 and all rental income and expenses were reported on the trust return. In 2013 Mom passed. The property did not get another stepped up basis because it already had one per our estate attorney. A trust returned was filed for 2013 and 2014. My brother and I inherited the rental 50/50 and began filing schedule E's on our own returns beginning Jan 2015 each taking 50% of the income/costs. We sold the rental May 2019.
Is the depreciation recapture the amount from 2002 to the date of sale or from Jan, 01, 2015, when we each began claiming the rental? Any other input would be much appreciated.
