Article Date:
January 2006


Word Count:
247

 

 

Who Owns This Property?


Using a life estate, my father deeded his rental to me in 1993. He passed away in July. I have been depreciating the repairs I made over the past 25 years. Also, since I will be getting a new basis in the property as of the date of my father’s death, do I have to or should I deduct depreciation based on this new basis? (T.T.G., Mesa, AZ)

 

Whoa! Something is really wrong here. First, your comment ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee