We purchase a rental property, then we got divorce and we split the cost of the property. Therefore we became co-owners, the new base for depreciation was changed to 50% of the cost of the property minus land. However, after a couple of years, my ex husband did not want the property so he transferred the underwater value property to me . Should I change the basis for depreciation? if so do I change to the original price? and for accumulated depreciation should I add the amount depreciated by my husband when were co-owners
