11-11-2003, 03:27 AM
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 Re: Inherited Property Step Up - quote - > If I inherit depreciable rental property from a relative I
The depreciation recapture goes away on death.> know there is a step up in basis to the value at the date of > death. Does the section 1250 recapture pertaining to the > depreciation allowed on the property get wiped away at this > time or am I liable for it when I sell the property? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
11-05-2003, 08:48 PM
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| Inherited Property Step Up If I inherit depreciable rental property from a relative I know there is a step up in basis to the value at the date of death. Does the section 1250 recapture pertaining to the depreciation allowed on the property get wiped away at this time or am I liable for it when I sell the property? Gene << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| inherited, property, step |
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