- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@AmeliesUncle wrote:Bas on my memory (which isn't great), my opinion is the the depreciation is gifted as well, but I think the law is mostly silent about it.
Depreciation is not gifted; the adjusted basis is used for the depreciable basis going forward with respect to the donee.
Obviously, the adjusted basis is the basis after accumulated depreciation is subtracted.
‎June 25, 2022
4:53 PM