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    Estate

    Taxpayer died in 2016, his wife died in 2013. Until 2011 they ran a restaurant and owned the building. In 2012 they signed a lease to own contract. The last tax return filed by the husband and wife was in 2011.

    I do not have access to tax returns from when they ran and owned the restaurant. I have no idea how much or if any depreciation was taken on the building.

    We need to file tax returns for 2012 through 2016, husband's date of death, so we can then file estate returns for 2016, which is already late, and 2017.

    How do I figure out depreciable basis in the building at the start of the rent to own contract?

    Will also have to deal with basis step up on date of death of wife.

    Any input would be appreciated.

    Thanks!

    #2
    Who did the prior returns?they would have the depreciation reports. The spouse can get copies from the prior preparer, the IRS and State. Transcripts may be available from IRS EServices or PPL with a POA
    Believe nothing you have not personally researched and verified.

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