Read IRS info saw small blurb land not depreciated, but that point isn’t highlighted or expounded! In examples cost of property used, but we didn’t “pay” for property and that lead to my specific question about land value.
Regardless we incurred few thousand in professional fees to transfer property into our names with county and decedents CPA assisted with royalties sorted out directly into our names. Believe we on solid ground to claim those costs but needed an expert to weigh-in.
Bless you for clarification.
