Thank you so much, very appreciated.
He maintained all expenses and lived in it until he passed away in 2016. I have to check my returns, but I do not believe I have been taking any depreciation, as I have not needed it due to the lack of it being able to be rented. I had a lot of work to do to it as my Dad was in it for 50 years. So, it did not get rented out until 2018, but I still did not need the depreciation as the rents were low and I netted far less than minimal gross tax amount. Thought if I did not depreciate it them I would not have to pay taxes on that depreciation once I did sell it, so my depreciation is simple zero. I know the value of the property when he passed away and can use that minus the land value to calculate a basis for the house. But then, anything over that basis, would be taxed unless I put it back into a 'like' property or the 'same' property? I will read your suggested reading in your first reply. Again, thank you for answering.
