Danny782
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Thanks for the response! To confirm, should the donee be starting a brand new 27.5 year depreciation schedule using the donee’s own new placed in service date?
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Hi@pk,Thank you for your explanation. I have a similar situation as@pingguo38where the transfer of the rental property (gift) occurred on April 2022. However, I...
Activity Feed for Danny782
- Posted Re: How to allocate depreciation between donor and donee on gifted rental property on Get your taxes done using TurboTax. April 5, 2023 11:17 AM
- Posted Re: Depreciation on gifted rental property on Investors & landlords. April 4, 2023 6:09 PM
- Posted How to allocate depreciation between donor and donee on gifted rental property on Get your taxes done using TurboTax. April 3, 2023 7:26 PM
- Posted Re: Depreciation on gifted rental property on Investors & landlords. April 3, 2023 4:12 PM