Deductions on final return of a person who died this year.

[Philodog]

My mother passed away 3/17/2019. She owned a vacation rental home with about 20 different deductions ( electric, cable, commissions etc) plus depreciation. On her final return how do I divvy these things up, especially depreciation? Can I get a 12 month total for each deductions and then prorate?

[Critter]

Yes ... you will prorate the annual expenses between her final return and either the estate's return or the beneficiary's return. 

[Critter]

I highly recommend you seek local professional guidance to get the final/estate returns filed correctly. 

[Philodog]

Thank you. That will be a lot easier than figuring out every deduction amount month by month. Since the income on a vacation rental varies widely month to month should I prorate the total for the year or report the actual amount for the three months she was alive? 

[Critter · Accepted solution]

For income and expenses that differ monthly you must add up each month separately.   Only with annual expenses like insurance or RE taxes can you prorate the costs.