topic How do I change basis of rental house mid-year after spouse passes away? The program thinks I sold it and I just need to start a new depareciation schedule. in Investors & landlords

How do I change basis of rental house mid-year after spouse passes away? The program thinks I sold it and I just need to start a new depareciation schedule.

joanwhowell — Wed, 04 Feb 2026 08:10:01 GMT

How to step up basis of rental property in Turbo Tax

Re: How do I change basis of rental house mid-year after spouse passes away? The program thinks I sold it and I just need to start a new depareciation schedule.

AmeliesUncle — Thu, 02 Oct 2025 03:16:48 GMT

Do you live in a Community Property State?

Re: How do I change basis of rental house mid-year after spouse passes away? The program thinks I sold it and I just need to start a new depareciation schedule.

Mike9241 — Thu, 02 Oct 2025 04:48:06 GMT

sorry for your loss. for non-community property state the easiest way is to create a new asset for the step up using the date of her death as the acquisition date. for example if 100% of FMV value is $700 while cost is $500. the new asset would be $100. this needs to be split between land and building because land is not depreciable.