Inherited one half jointly held rental property from my wife who died. How to you calculate the depreciation recapture? What IRS pub has the examples?

[AmandaR1]

Do you mean depreciation recapture because you inherited your wife's portion of the property?

[AmandaR1 · Accepted solution]

Property inherited from your spouse does not constitute a sale or any gain or loss, to you and you do not have to recapture depreciation. The following publications may be of interest to you:

• Publication 544 Sale and other dispositions of assets: https://www.irs.gov/pub/irs-pdf/p544.pdf
• Publication 559 Survivors, executors and administrators: https://www.irs.gov/pub/irs-pdf/p559.pdf

[xocy]

What if the surviving spouse already was a joint owner?