Discussion:Depreciation of asset previously in trust
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Revision as of 20:34, 20 August 2009
Discussion Forum Index --> Advanced Tax Questions --> Depreciation of asset previously in trust
Discussion Forum Index --> Tax Questions --> Depreciation of asset previously in trust
| 20 August 2009 | |
| If an asset is in a revocable trust and depreciated (rental property), how does the beneficiary depreciate it when it is received by them and placed into service. Do I use the adjusted basis? Remaining life or start over on the life? I can't find this in any publication of the 4562 instructions.
Please help! | |
