Wow, this is an incredible amount of information, thank you! So, to complicate things though, I just did a small estate probate in our state of residence (Wyoming) through my lawyer which settled the entire thing without full probate since Wyoming is awesome like that. The one thing that it didn't cover was this house.
This absolute dumpster-fire albatross of a house is in Pennsylvania, which will apparently cost me two thou for an adjunct probate (or something like that) and a 4% inheritance tax because Pennsylvania is a horrible, horrible place for inheriting anything. I engaged a lawyer out there to take care of it and all I've heard for four months is 'Oh, the courthouses are closed because of covid.' So even though I'm the only inheritor in a very simple will which is otherwise entirely resolved, the house isn't actually in my name yet. I paid the full property taxes on it, I am receiving the rent for it from the tenants and paying the repairs, but I don't know if that will influence anything. To clarify, do I pro-rate the depreciation cost to 8/12 months for her (using her old number) and 4/12 months for me (using the most current valuation from the county assessor in the year of her death) or do I use the full number on both?
Thanks again!
(edited for a bit more clarity)
