How You Can Save Taxes with Depreciation

Join Maria Zondervan, CEO of Blue Vikings Capital, in this enlightening video where she shares essential strategies for saving taxes through real estate depreciation. Perfect for real estate investors, financial planners, and those interested in passive real estate investing, this video offers a deep dive into practical tax-saving techniques using real-world examples. Visit our website www.BlueVikingsCapital.com for more insights.
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[@davids7550]

Depreciation recapture still required on a former rental house which has been inherited by the owner's children? What about a basis reset? Does it matter the now-dead owner took the house out of the rental market and converted it to private use, before he died, for either one?

[@bluevikingscapital]

My understanding is the when an investor passes away and rental property is inherited, the property basis is stepped-up and the heirs pay no tax on depreciation recapture or capital gains. It should not matter if that property was a rental or for private use.