Rental Property

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  • RLymanC
    Senior Member
    • Sep 2005
    • 653

    #1

    Rental Property

    inherited, Is the original cost less depreciation the inherited basis or is it the FMV on date of death?
    .
    Confucius say:
    He who sits on tack is better off.
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    FMV on date of death.

    Comment

    • Jesse
      Senior Member
      • Aug 2005
      • 2064

      #3
      Pretty vague question so my initial answer would be FMV on date of death.

      If other circumstances such as Joint ownership, there may be only a partial step up basis. If married couple in community property state could still be 100% step up basis.
      http://www.viagrabelgiquefr.com/

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