@Anonymous_, @Carl , @AmeliesUncle
I agree. I think AmeliesUncle is right - For 2022, three assets:
1. My asset (50% of the original basis, starting from the original date and and keep 50% of prior depreciation). This will continue for future years.
2. My wife's original one (50% of the original basis, starting from the original date, keeps 50% of prior depreciation and will end on the date of passing). This one will be for the year 2022 only.
3. My wife's new one (50% of the Fair Market Value on the date of passing, starting from the date of passing with a new depreciation period for next 27.5 years). This will continue for future years as well.
