The adjusted basis on a rental property received as a gift to a related person is the donors . What depreciation schedule does the donee use? The donors? Or 27.5yrs?

[HelenaC · Accepted solution]

You will want to start a new 27.5 year depreciation cycle, but as a gift you have to use the basis of the donor (same amount as they used when they purchased with any basis adjustments/improvements added).