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Do I report depreciation previously taken on a property that I just inherited and sold?
Hi, My sister passed away in 2018 and left me partial ownership (other 1/2 owned by my brother) of a rental property that we then sold in 2020 for a profit. Since I've never reported this property, I technically did not take depreciation on the property. However, my passed sister has been taking depreciation. Do I need to report the total of depreciation she took?
‎April 9, 2021
2:28 PM