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Level 2
posted Nov 16, 2022 9:22:23 AM

how does Depreciation affect my heirs

is it wiser to Not depreciate my primary home that's been converted to a rental, for the sake of my heirs? Does depreciation affect them negatively?

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1 Replies
Level 15
Nov 16, 2022 9:28:11 AM

All depreciation deductions (accumulated depreciation) you have taken actually disappear upon your passing.

 

Your heirs generally take the property with a basis that is the fair market value on the date of your death.