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Investors & landlords
Hi, thanks for the above.
For the second entry of the rental property with new step up basis for depreciation, do I state it was purchased new or other?
Do I need to enter any of the original purchase information at any point of the depreciation? For example, where it now asks for original purchase price, available date, and purchase date? Should this be thew new value or the original? Thanks.
‎July 23, 2020
7:00 PM