Final trust return - depreciation question
Hi. I have to do a final trust return. Trust has not filed before. Only asset in trust is a property which was used by a trustee as their primary (husband put house into a trust on his death, wife has lived in it since). In 2024 the wife died, the house has been sold and the trust will be closed. The house was never used as income generating. Does the house need to be depreciated?
