Your starting basis would be the $300k (date of death fair market value) and you would subtract the $15k of accumulated depreciation to arrive at your adjusted ...
@MauryMwrote:
I'm just wondering if Turbotax can handle this situation.
Yes, TurboTax can handle your situation.
You will enter the transaction in the Rental ...
@Kat2526wrote:
3) Capital Gain calculation in this scenario is =Sale price less current market value at the time of my father's death...right?
Yes, that is the...