Help determining depreciation.

Amandas mother, Lynn, died on June 5, 2012, leaving Amanda her entire estate. Included in the estate was Lynns residence (205 South 17th street, Lincoln, NE 68508). Lynns basis in the residence was $45,000, and the fair market value of the residence on June 5, 2012 was $110,000. The property was distributed from the estate to Amanda on January 1, 2013. From January 1, 2013, Jaxon and Amanda rented the house to the same tenant. (The house is a single- family residence.) Jaxon and Amanda have been managing the rental property themselves.

They have depreciated the house using MACRS rules and convention applicable to residential rental real estate. To compute depreciation on the house, the Stuarts allocated $15,000 of the propertys basis to the land.