Moving rental property from Trust to LLC, do you use same cost basis and continue depreciation

[Ash418]

Hello, 

We recently moved rental property from a Living Trust to an LLC, same ownership.  Do we use the same cost basis and continue the same depreciation?  Is there a step up to market value requirement?

We also did the same with a Trust for my late parent, and moved the assets from the Trust into an LLC with the same beneficiaries/owners of both.  Again, do we use the same cost basis on the property and the same depreciation.

Thanks

[tagteam]

Capital contribution with a carryover basis in each instance.