Investors & landlords

Keep in mind, that upon death, inherited property (which you received) receives a step-up; so possibly not all that bad.

The rules are complicated, but there is interplay between any suspended losses of a decedent and the step-up received which get taken into account on the decedent's final return.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.