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Inherited one half jointly held rental property from my wife who died. How to you calculate the depreciation recapture? What IRS pub has the examples?
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Property inherited from your spouse does not constitute a sale or any gain or loss, to you and you do not have to recapture depreciation. The following publications may be of interest to you:
- Publication 544 Sale and other dispositions of assets: https://www.irs.gov/pub/irs-pdf/p544.pdf
- Publication 559 Survivors, executors and administrators: https://www.irs.gov/pub/irs-pdf/p559.pdf
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