The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: A good day||Date: 4/8/2011 12:14 PM|
|Author: WendyBG||Number: 113027 of 125003|
When I saw "ptheland" on the "Best of" list, I clicked because I thought, "Peter is a smart guy. It's worth my time to read anything he writes."
Well, this is a perfect example. Another great post, Peter.
I have a question for you.
DH's mother (MIL) died in late 2009. MIL was living in an assisted living facility, but MIL's second son was still living in her house. This son died last year. MIL's estate still is not settled. The house is in a depressed area of northern Idaho. Not a single house in that town sold within the past year (according to Zillow.com and Realtor.com).
MIL's estate was too small to be subject to estate tax. I'm pretty sure that DH's sister (SIL), who is an accountant running a business in the town, did not get an appraisal on the house when her mother died.
Since nobody is living in that house now, is it possible to claim depreciation on it?
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|