How to depreciate a property twice!

How to depreciate a property twice!

Own a property until you die.

Give it to your kids via a trust to avoid probate and also use a will to avoid ownership disputes between kids. And then your kids can automatically take advantage of a legal estate planning hack called A step-up basis.

Which is pretty much just a reset of the property at its current market value, allowing them to depreciate the property again.

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