Your client is frustrated, his wife, who always prepared their tax returns, passed away this year and he is trying to prepare his own return. After reviewing his prior year return, you realize his wife failed to take depreciation expense(s) for their vacation rental which they have owned for the past five years. How would you assist this customer? Discuss how the client would report this on their return and any other considerations there may be.

Answer rating: 100% (QA)

First and foremost its important to express your condolences to the client for the loss of his wife ... View the full answer