ncCPAp on the GO!

  • 1.  taxation

    Posted 06-18-2019 16:50
    TAXPAYER WHO IS ACTIVE MEMBER OF A REAL ESTATE PARTNERSHIP WANTS TO TRANSFER HIS PARTNERSHIP INTEREST TO AN
    IRREVOCABLE INTENTIONALLY  DEFECTIVE GRANTOR TRUST, AND WOULD LIKE TO CLAIM AN A DEPRECIATION DEDUCTION ON HIS PERSONAL RETURN.

    QUESTION, CAN HE CLAIM DEPRECIATION?

    APPRECIATE RESPONSES

    JERRY ROSENBERG

    ------------------------------

    Jerome Rosenberg
    JEROME ROSENBERG, CPA PC
    Melville NY
    ------------------------------